MoBull’s accounting intern has computed ICOB4 Tax of $1,728,571. However, the intern thinks a $100,000 labor strike loss should be classified as a discontinued operation. At the end of 2017, MoBull’s had 550,000 common shares issued and 525,000 outstanding. MoBull’s common shares outstanding at the end of 2018 were 475,000, with no change to the number issued. In 2018, MoBull declared a preferred stock dividend of $97,500, but only paid $70,000 of the dividend in 2018. In 2018, MoBull declared a common stock dividend of $200,000 and paid $240,000. 

Provide the 2018 Partial Income Statement, starting with corrected Income from Continuing Operations before Tax. Include the first four lines and EPS information

Answer rating: 100% (QA)

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