Instructions a. Prepare a condensed income statement, including proper presentation of the disconti restaurant operations and the extraordinary loss. Include all appropriate earnings p figures. b. Assume that you expect the profitability of Eastern Aviation operations to decline hu 5 next year, and the profitability of the restaurants to decline by 10 percent. What is vour mate of the company's net earnings per share next year? The following data relate to the operations of Slick Software, Inc., during 2015, LO12-1, LO12-2, LO12-5, LO12-6 Continuing operations: PROBLEM 12.2A Net sales $19,850.000 16,900.000 Format of an Income Costs and expenses (including applicable income tax) Statement and a Statement of Retained Earnings Other data: Operating income during 2015 on segment of the business discontinued near year-end (net of income tax) Loss on disposal of discontinued segment (net of income tax benefit) Extraordinary loss (net of income tax benefit) Prior period adjustment (increase in 2014 depreciation expense, net of income tax benefit) 140,000 550,000 900,00 350,000 950.000 Cash dividends declared Instructions a. Prepare a condensed income statement, including proper presentation of the disconti restaurant operations and the extraordinary loss. Include all appropriate earnings p figures. b. Assume that you expect the profitability of Eastern Aviation operations to decline hu 5 next year, and the profitability of the restaurants to decline by 10 percent. What is vour mate of the company's net earnings per share next year? The following data relate to the operations of Slick Software, Inc., during 2015, LO12-1, LO12-2, LO12-5, LO12-6 Continuing operations: PROBLEM 12.2A Net sales $19,850.000 16,900.000 Format of an Income Costs and expenses (including applicable income tax) Statement and a Statement of Retained Earnings Other data: Operating income during 2015 on segment of the business discontinued near year-end (net of income tax) Loss on disposal of discontinued segment (net of income tax benefit) Extraordinary loss (net of income tax benefit) Prior period adjustment (increase in 2014 depreciation expense, net of income tax benefit) 140,000 550,000 900,00 350,000 950.000 Cash dividends declared