Part B. ABC Co. decided on March 3, 2017 to dispose of their Widget Segment....

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Part B. ABC Co. decided on March 3, 2017 to dispose of their Widget Segment. The sale of the segment was completed on November 13, 2017. The disposal of this segment qualifies as a discontinued operation. Income Statement data for ABC for calendar years 2015-2017 are as follows: 2015 Sales Cost of goods sold Operating expenses $3,000,000 1,800,000 700,000 $2.700.000 1,593.000 680,000 $2.500,000 1,525,000 650,000 These amounts include the operating results for the Widget Segment through its disposal on November 13, 2017. Income Statement data for the Widget Segment separately for 2015-2017 are as follows: 2015 Sales $700,000 $450,000 315,000 120.000 $600,000 408,000 150,000 Cost of goods solod 455,000 130,000 Operating expenses The book value of the assets and liabilities of Widget on November 13, 2017 was 4,800,000. The sales price was 6.210.000. ABC has a tax rate of 28% for 2015 & 2016 and a rate of 25% for 2017. Additionally. ABC had 800.000 shares of common stock outstanding for the entire three-year period. There was no preferred stock outstanding during any of the years. ABC did have 300,000 stock options with an exercise price of $10 outstanding all three years. The average market price of ABC stock was $12 on 12/31/15, $15 on 12/31/16, and $20 on 12/31/17 Required: Prepare, in good form, complete comparative Income Statements for ABC for the years 2015-2017 including required earnings per share information

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