Zeus Company reports the following for the current year: Income from continuing operations before income tax $500,000 Extraordinary property loss from hurricane $60,000* Loss from discontinued operations $90,000* Weighted average number of common shares outstanding 40,000 Applicable tax rate 40% *Net of any tax effect Required: (a) Prepare a partial income statement for Zeus Company beginning with income from continuing operations before income tax.** (b) Calculate the earnings per common share for Zeus, including per-share amount for unusual items.** ** Refer to the list of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. You will not need to enter colons (:) on the income statement. Enter all amounts as positive numbers. Round your answers to two decimal places.

Labels
Extraordinary item
For the Year Ended December 31
Amount Descriptions
Gain due to hurricane
Gain from discontinued operations
Income before extraordinary item
Income from continuing operations
Income from continuing operations before income tax
Income tax expense
Loss due to hurricane
Loss from discontinued operations
Net income
Net loss

Prepare a partial income statement for Zeus Company beginning with income from continuing operations before income tax. Refer to the list of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. You will not need to enter colons (:) on the income statement. Enter all amounts as positive numbers.

Zeus, Inc.

Partial Income Statement

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Calculate the earnings per common share for Zeus, including per-share amount for unusual items. Refer to the list of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. You will not need to enter colons (:) on the income statement. Enter all amounts as positive numbers. Round your answers to two decimal places.

Zeus, Inc.

Partial Income Statement

1	Earnings per common share:
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