Current Attempt in Progress Presented below are selected ledger accounts of Blue Corporation as of December 31, 2025. Cash $126,000 Administrative expenses Selling expenses 250,000 199,000 Net sales 1,357,000 Cost of goods sold 522,000 Cash dividends declared (2025) 46,000 Cash dividends paid (2025) 38,200 Discontinued operations (loss before income taxes) 99,000 Depreciation expense, not recorded in 2024 75,000 Retained earnings, December 31, 2024 228,000 Effective tax rate=20% (a) Your answer is correct. Compute net income for 2025. Net income $ eTextbook and Media 229600 Attempts: 1 of 3 used Prepare a partial income statement beginning with income from continuing operations before income tax, and including appropriate earnings per share information. Assume 10,000 shares of common stock were outstanding during 2025. (Round earnings per share to 2 decimal places, e.g. 1.58. Enter loss using-sign before the number or in parantheses, e.g. -5,125 or (5,125).) BLUE CORPORATION Income Statement For the Year Ended December 31, 2025 Income from Continuing Operations before Income Tax Income Tax Income from Continuing Operations Loss from Discontinued Operations Net Income/(Loss) Earnings per Share Income from Continuing Operations Loss from Discontinued Operations Net Income/(Loss) $ 229600 000