The following information was taken from the records of Ryder Cosmetics, Inc., at December 31, 2014:

Requirements
1. Using the End-of-Chapter Summary Problem (pages 637€“ 638) as an example, prepare Ryder Cosmetics€™ single-step income statement, which lists all revenues together and all expenses together, for the fiscal year ended December 31, 2014. Include earnings-per-share data. For purposes of earnings per share, assume dividends have been declared on preferred stock as of December 31.
2. Evaluate income for the year ended December 31, 2014. Ryder€™s top managers hoped to earn income from continuing operations equal to 15% of sales.

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.. 38,000 23,000 Prior-period adjustment-net of taxes Dividends on common stock $ 8,400 Interest expense Income tax expense (savings) Continuing operations40,300 Dividend revenuc13,000 Income from discontinued Treasury stock, common (3,000 shares at cot 15,000 71,900 Loss on salc of plant assets11,000 Sales revenuc603,000 4,600 Extraordinary loss.(8,570) General expenscs... Incomc from discontinued Retained carnings, beginning, operations.14,000 as originally reported. 201,000 Selling expenses " … 82,000 Preferred stock, 8%, $30 par, 3,000 shares issued 29,000 Cost of goods sold..294,000 Extraordinary los 26,000 shares authorizcd and issued. 360,000