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Unformatted text preview: loss on sale of equipment 22,500 32,500 Income before income tax 467,200 Income tax expense 186,880 Income before extraordinary items 280,320 Extraordinary loss, net of $ 48,000 tax benefit 72,000 Net income 208,320 Earnings per shares: Income from continuing operations before -extraordinary item 0.93 Extraordinary loss 0.24 Net income of earnings per shares 0.69...
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- Spring '11