Question: From this given information I need to find the net income and EPS for income from continuing operations for year 2 (20x2) thank you very


Sparky finalized the sale of the component on June 30, 20x2 for net cash proceeds of $2,700,000. Actual operating income of the discontinued component from Jan 1-Jun 30, 20x2, was $220,000. (This $220,000 is NOT included in the $1,900,000 Income Before Taxes listed below.) Use this information and the Additional Data presented below to prepare a partial Income Statement for the year ended December 31, 20x2 beginning with Income from Continuing Operations. Include Earnings Per Share disclosures. Additional Data: Income Before Taxes ('x2) $1,900,000 Income Tax Rate ('X2) 30% 5% Preferred Stock ($100 Par, 10,000 shares issued) Common Stock ($1 par, 600,000 shares issued, 500,000 outstanding) 00 shares issued, 500,000 outstanding) Partial Income Statement Sparky Mercantile For the Year Ended December 31, 20x2 Income from Continuing Operations Gain/Loss from Discontinued Operations (net of tax) $ Blank 1 $ Blank 2 $ Blank 3 Net Income E.P.S. Continuing Operations Discontinued Operations $ Blank 4 $ Blank 5 $ Blank 6 Net Income
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