Whispering Corp. has 149,520 shares of common stock outstanding. In 2025, the company reports income from continuing operations before income tax of $1,222,900. Additional transactions not considered in the $1,222,900 are as follows. 1. In 2025, Whispering Corp. sold equipment for $37,600. The machine had originally cost $81,200 and had accumulated depreciation of $31,900. The gain or loss is considered non-recurring. 2. 3. 4. The company discontinued operations of one of its subsidiaries during the current year at a loss of $191,600 before taxes. Assume that this transaction meets the criteria for discontinued operations. The loss from operations of the discontinued subsidiary was $90,500 before taxes; the loss from disposal of the subsidiary was $101,100 before taxes. An internal audit discovered that amortization of intangible assets was understated by $38,000 (net of tax) in a prior period. The amount was charged against retained earnings. The company recorded a non-recurring gain of $129,500 on the condemnation of some of its property (included in the $1,222,900). Analyze the above information and prepare an income statement for the year 2025, starting with income from continuing operations before income tax. Compute earnings per share as it should be shown on the face of the income statement. (Assume a total effective tax rate of 19% on all items, unless otherwise indicated.) (Round earnings per share to 2 decimal places, e.g. 1.47.) Income before Income Tax Income Tax Income from Continuing Operations WHISPERING CORP. Income Statement (Partial) For the Year Ended December 31, 2025 Discontinued Operations Loss from Operations of Discontinued Subsidiary 56110 Loss from Operations of Discontinued Subsidiary 6262 Income Tax Earnings per Share Income from Continuing Operations Loss on Disposal of Discontinued Operations Income before Income Tax Net Income/(Loss) 4 tA 1211200 460256 750944 62372 688572 5.02 0.42 4.61 5.14