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Income Statement, Lower Portion At the beginning of 2019, Cameron Company's retained earnings...

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Accounting

Income Statement, Lower Portion
At the beginning of 2019, Cameron Company's retained earnings was $217,800. For 2019, Cameron has calculated its pretax income from continuing operations to be $187,000. During 2019, the following events also occurred:
During July, Cameron sold Division M (a component of the company). It has determined that the pretax income from the operations of Division M during 2019 totals $41,200 and that a pretax loss of $43,200 was incurred on the sale of Division M.
Cameron had 35,000 shares of common stock outstanding during all of 2019. It declared and paid a $3 per share cash dividend on this stock.
Required:
Assuming that all the pretax items are subject to a 30% income tax rate:
Complete the lower portion of Cameron's 2019 income statement, beginning with "Pretax Income from Continuing Operations." Round earnings per share computations to two decimal places.
CAMERON COMPANY
Partial Income Statement
For Year Ended December 31,2019
Results from discontinued operations
$
Components of Income
EPS
$
$
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