Income Statement, Lower Portion
At the beginning of Cameron Company's retained earnings was $ For Cameron has calculated its pretax income from continuing operations to be $ During 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 totals $ and that a pretax loss of $ was incurred on the sale of Division
Cameron had shares of common stock outstanding during all of It declared and paid a $ per share cash dividend on this stock.
Required:
Assuming that all the pretax items are subject to a income tax rate:
Complete the lower portion of Cameron's 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
Results from discontinued operations
$
Components of Income
EPS
$
$
