Suppose Dighton Cycles, Inc., reported a number of special items on its income statement. The following data, listed in no particular order, came from Dighton€™s financial statements (amounts in thousands):

Requirement
1. Show how the Dighton Cycles, Inc., income statement for the year ended September 30, 2010, should appear. Omit earnings pershare.

Transcribed Image Text:

Income tax expense (saving: Net sales. $14,000 S295 Foreign-currency translation Continuiig operations Discontinued operations. Extraordinary loss 56 320 10 280 600 25 Total operating expenses.12,800 (2) Extraordinary loss Unrealized gain on Income from discontinued operations.. available-for-sale investmens35 Dividends declared and paid. Short-term investments