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question shown below is information relating to operations of broadwayindustries for 4290997

Question

Shown below is information relating to operations of BroadwayIndustries for 2015.

Continuing operationss:

 

Net sales

$6,500,000

Cost and expenses (including income taxes)

$5,720,000

Other data:

 

Current-year profit generated by segment of the businessdiscontinued in May (net of income taxes)

$542,100

Gain on disposal of discontinued segment (net of incometaxes)

$185,900

Prior-period adjustment (decrease in prior years income net oftax benefit)

$347,100

Extraordinary loss (net of income tax benefit)

$325,000

Cash dividends declared ($6 per share)

$520,000

Complete the income statement for Broadway Industries, includingearnings per share figures. Broadway Industries has 100,000 sharesof a single class of common stock outstanding throughout theyear.

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