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Sales Cost of goods sold Restructuring charges Litigation settlement Other operating expenses Income before taxes...

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Accounting

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Sales Cost of goods sold Restructuring charges Litigation settlement Other operating expenses Income before taxes and discontinued operations Income taxes expense Income after taxes Discontinued operations, net of $33,250 taxes Net income $1,800,000 625,000 172,500 12,500 610.000 380,000 133.000 247,000 61.750 s-308.250 Winston Corporation's income tax rate is 35%. A. Calculate Winston Corporation's sustainable earnings. B. What types of costs might you expect to find as part of the restructuring charges? C. Which items on Winston Corporation's income statement are considered special items? For what reasons might a company report a change in accounting principle? D. Page 9

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