partial income statement

mework Exercise Question 3 of 5 View Policies Show Attempt History Current Attempt in Progress Presented below are selected ledger accounts of Coronado Corporation as of December 31, 2020. Cash Administrative expenses Selling expenses Net sales Cost of goods sold Cash dividends declared (2020) Cash dividends paid (2020) Discontinued operations (loss before income taxes) Depreciation expense, not recorded in 2019 Retained earnings. December 31, 2019 Effective tax rate 20% $51,000 102,000 81,600 550.800 214,200 20.400 15,300 40.800 30.600 91,800 (a) Your answer is correct. Question 3 of 5 1/2 E Prepare a partial income statement beginning with income from continuing operations before income tax, and including appropriate earnings per share information. Assume 10,000 shares of common stock were outstanding during 2020. (Round earnings per share to 2 decimal places, es. 1.58) CORONADO CORPORATION Income Statement For the Year Ended December 31, 2017 Income From Continuing Operations Before Income Tax 1 $ 112200