Shown below is information relating to operations of Egnab Inc. for 2021: 

Instruction:

(show your calculations and round to 2 decimal places) 

In the space provided, create the Income Statement for Egnab Inc., calculate the relevant Net Income by Segments and in Total including and all related Earnings-Per-Share figures. Eganb Inc. has 550,000 shares of a single class of common stock outstanding throughput the year 2021. 

Transcribed Image Text:

Continuing Operations Net Sales Cost & Expenses (incl. income taxes) Other Data Profit generated by the discontinued segment 2021 (net income tax) Gain on Disposal of discontinued segment (net income tax) Prior Period adjustment (net income tax) Extraordinary Loss (net income tax) Extraordinary Gain (net income tax) Cash Dividend declared ($1.00 per share) US-Dollars 5,500,000 3,850,000 345,000 817.000 347,100 425,000 223,000 250,000 Continuing Operations Net Sales Cost & Expenses (incl. income taxes) Other Data Profit generated by the discontinued segment 2021 (net income tax) Gain on Disposal of discontinued segment (net income tax) Prior Period adjustment (net income tax) Extraordinary Loss (net income tax) Extraordinary Gain (net income tax) Cash Dividend declared ($1.00 per share) US-Dollars 5,500,000 3,850,000 345,000 817.000 347,100 425,000 223,000 250,000

Answer rating: 100% (QA)

Sub Toals Net Income EPS a Net Sales 5500000 b Cost and Expenses 3850000 c Net Income from Continuin... View the full answer