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  3. the novak corporation had income from continuing o

The Novak Corporation had income from continuing operations of $12.0 million in 2023 . Dur...

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Accounting

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The Novak Corporation had income from continuing operations of $12.0 million in 2023 . Dur ing 2023, it disposed of its restaurant division at a loss of $87,000 (net of tax of $38,000 ). Before the disposal, the division operated at a los5 of $213,000 (net of tax of $135,000 ) in 2023, Blue Collar also had an unrealized gain-OCl of $45,000 (net of tax of $18,000 ) related to its FV-OCl equity. investments. Novak had 10 million common shares outstanding during 2023. Prepare a partial statement of financial performance for Novak, beginning with income from continuing operations. Calculate earnings per share. (Round answers to 2 decimal places, es. 52.75.)

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