Presented below are selected ledger accounts of Windsor Corporation as of December 31, 2017. Cash $55,200 Administrative expenses 102,800 Selling expenses 83,460 Net...

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Presented below are selected ledger accounts of WindsorCorporation as of December 31, 2017.
Cash $55,200
Administrative expenses 102,800
Selling expenses 83,460
Net sales 549,100
Cost of goods sold 263,700
Cash dividends declared (2017) 24,130
Cash dividends paid (2017) 22,300
Discontinued operations (loss before income taxes) 42,900
Depreciation expense, not recorded in 2016 30,600
Retained earnings, December 31, 2016 96,200
Effective tax rate 30%
Prepare a partial income statement beginning with income fromcontinuing operations before income tax, and including appropriateearnings per share information. Assume 21,240 shares of commonstock were outstanding during 2017.

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Calculation of Income before Income taxes from Continuing Operations Net Sales 549100 Less Cost of Goods Sold 263700 Gross Profit 285400 Expenses Administrative expenses 102800 Selling expenses 83460 186260 Income from Continuing Operations Before Income Tax 99140 Partial Income See Answer

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Cash		$55,200
Administrative expenses		102,800
Selling expenses		83,460
Net sales		549,100
Cost of goods sold		263,700
Cash dividends declared (2017)		24,130
Cash dividends paid (2017)		22,300
Discontinued operations (loss before income taxes)		42,900
Depreciation expense, not recorded in 2016		30,600
Retained earnings, December 31, 2016		96,200
Effective tax rate 30% Prepare a partial income statement beginning with income fromcontinuing operations before income tax, and including appropriateearnings per share information. Assume 21,240 shares of commonstock were outstanding during 2017.