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Kingbird Inc. reported Income from Continuing Operations before taxes during 2025 of $818,700. Additional transactions...

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Accounting

Kingbird Inc. reported Income from Continuing Operations before taxes during 2025 of $818,700. Additional transactions occurring in 2025 but not considered in the $818,700 are as follows.
The corporation experienced an uninsured flood loss in the amount of $96,000 during the year.
Sale of securities held as a part of its portfolio resulted in a loss of $59,800(pretax).
When its president died, the corporation realized $159,100 from an insurance policy. The cash surrender value of this policy had been carried on the books as an investment in the amount of $44,310(the gain is nontaxable).
The corporation disposed of its recreational division at a loss of $104,330 before taxes. Assume that this transaction meets the criteria for discontinued operations. earnings per share to 2 decimal places, es.1.48 and all other answers to 0 decimal places, es.5,275.)
Income before Incorne Tax
$
Discontinued Operations
Loss on Disposal of Recreational Division
Net Income/(Loss)q,
Earnings Per Share
Income from Continuing Operations
$
Net Income/(Loss)
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