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Saltspring Corporations general ledger shows data before tax. The income tax rate is 40%. The...

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Accounting

Saltspring Corporations general ledger shows data before tax. The income tax rate is 40%. The company had 25,000 common shares outstanding for the full year. The following information is from Saltspring Corporations general ledger as of December 31, Year 5:
Sales revenue $195,000
Interest revenue 10,000
Interest expense 8,000
Gain on sale of equipment 22,000
Cost of goods sold 85,000
Operating expenses 65,000
Operating income from
discontinued operations 50,000
Loss on disposal of
discontinued operations 30,000
Required
Prepare a single-step income statement that includes earnings per share for the year ended December 31, Year 5. EPS should show currency and be rounded to the penny. Show EPS for continuing operations, discontinued operations and for net income.

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