3: (40 points) Shown below is information relating to operations of Marvel, Inc. for the year ended 2020: Continuing operations: Net sales $8,510,000 Cost and expenses (including income taxes) $4,930,000 Other data: Current-year loss generated by segment of the business discontinued in May (net of income taxes) $272,300 Loss on disposal of discontinued segment (net of income taxes) $564,800 Prior-period adjustment (decrease in prior years' income net of tax benefit) $187,200 Extraordinary loss (net of income tax benefit) $323,000 Cash dividends declared $480,000 Instructions: a. Prepare a condensed income statement for 2020, including earnings per share figures. The company had 100,000 shares of a single class of capital stock outstanding throughout the year. (15 points) b. Prepare a statement of retained earnings for the year ended December 31, 2020. As originally reported, retained earnings on December 31, 2019, amounted to $6,425,000. (10 points) c. Compute the amount of cash dividend per share of common stock declared by the board of directors for 2020. (5 points) d. Assume that 2021 earnings per share is a single figure and amounts to $10.00. Assume also that there are no changes in outstanding common or preferred stock in 2020. Do you consider the $10.00 earnings per share figure in 2021 to be a favorable or unfavorable figure in comparison with 2020 performance? Explain. (5 points) e. Which of the EPS figures computed above would be of most interest to potential investors to assess the company's future performance? (5 points)