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Wildhorse Corporation had income from operations of $6,512,600. In addition, it suffered an unusual and infrequent pretax loss of $776,800 from a volcano eruption interest

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Wildhorse Corporation had income from operations of $6,512,600. In addition, it suffered an unusual and infrequent pretax loss of $776,800 from a volcano eruption interest revenue of $18,360, and a write-down on buildings of $54,710. The corporation's tax rate is 30%. Prepare a partial income statement for Wildhorse beginning with Income from operations. The corporation had 4,928,300 shares of common stock outstanding during 2017. (Round earnings per share to 2 decimal places, e.g. 1.48. WILDHORSE CORPORATION Income Statement (Partial) Income From Operations 6512600 nterest Revenue 6476250 Other Expenses and Losses Loss due to Volcano Eruption 4533375 533375 ?76800

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