Question: Current Attempt in Progress The following information was taken from the records of Sunland Inc. for the year 2025: Income tax applicable to income

Current Attempt in Progress The following information was taken from the records

Current Attempt in Progress The following information was taken from the records of Sunland Inc. for the year 2025: Income tax applicable to income from continuing operations $194,480, income tax applicable to loss on discontinued operations $26,520, and unrealized holding gain on available-for-sale debt securities (net of tax) $15,600. Gath on sale of equipment $98,800 Cash dividends declared $156,000 Loss on discontinued operations 78,000 Retained earnings January 1, 2025 1,920,000 Administrative expenses 249,600 Cost of goods sold 884,000 Rent revenue 41,600 Selling expenses 312,000 Loss on write-down of inventory 62,400 Sales revenue 1,976.000 Shares outstanding during 2025 were 100,000. (a) Prepare a single-step income statement (with respect to items in Income from operations). (Round earnings per share to 2 decimal places, e.g. 1.48. Enter other revenue and gains before other expenses and losses)

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