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Unformatted text preview: 36,800-43,200 Net Income $454,450 Per share of common stock 80,000 shares of stock Income from continuing operation $7. .23 $578500/80,000 = 7.23 Loss from discontinued operation-1.01 $80500 /80,000 = 1.01 Income before extraordinary item $6.22 Extraordinary loss-0.54 43,200/80,000 = $0.54 Net income $5.68 Income from continuing operation before taxes Unusual gain insurance policy & corrections in erros (nontaxable) $454,450...
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