Per share of common stock Income from continuing operations 363000 100000 363

Per share of common stock income from continuing

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Per share of common stock: Income from continuing operations ($363,000  ÷  100,000) ........ $3.63 Loss on discontinued operations, net of tax ..........................    (.49 ) Income before extraordinary items ($313,500  ÷  100,000) .......... 3.14 Extraordinary gain, net of tax .................................................. .63 Extraordinary loss, net of tax ..................................................    (.40 ) Net income  ($336,600  ÷  100,000) ............................................ $3.37 EXERCISE 4-17 (Continued) (b) ROLAND CARLSON INC. Comprehensive Income Statement For the Year Ended December 31, 2014 Net income ................................................................................... $336,600 Other comprehensive income       Unrealized holding gain, net of tax ......................................     15,000 Comprehensive income .............................................................. $351,600 (c) ROLAND CARLSON INC. Retained Earnings Statement For the Year Ended December 31, 2014 Retained earnings, January 1 ........................................................... $600,000 Add: Net income .................................................................................   336,600 936,600 Less: Dividends declared ..................................................................        150,000 Retained earnings, December 31 ...................................................... $786,600
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