he following are partial income statement account balances taken
from the December 31, 2021, year-end trial balance of White and
Sons, Inc.: restructuring costs, $370,000; interest revenue,
$47,000; before-tax loss on discontinued operations, $470,000; and
loss on sale of investments, $57,000. Income tax expense has not
yet been recorded. The income tax rate is 25%.
Prepare the lower portion of the 2021 income statement beginning
with $835,000 income from continuing operations before income
taxes. Include appropriate EPS disclosures. The company had 100,000
shares of common stock outstanding throughout the
year. (Amounts to be deducted should be indicated with
a minus sign. Round "EPS" answers to 2 decimal
places.)
he following are partial income statement account balances taken from the December 31, 2021, year-end trial balance of W
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