Question: Prepare a partial income statement beginning with income from continuing operations before income tax, and include appropriate earnings per share information. Assume 10,000 shares of
Prepare a partial income statement beginning with income from continuing operations before income tax, and include appropriate earnings per share information. Assume 10,000 shares of common stock were outstanding during 2025. (Roun. earnings per share to 2 decimal places, e.g. 1.58.) Income from Continuing Operations before Income Tax Income Tax Income from Continuing Operations SHERIDAN CORPORATION Income Statement For the Year Ended December 31, 2025 Discontinued Operations, Net of Tax Net Income /(Loss) Earnings per Share Income from Continuing Operations Loss on Discontinued Operations Net Income /(Loss)
Prepare a partial income statement beginning with income from continuing operations before income tax, and include appropriate earnings per share information. Assume 10,000 shares of common stock were outstanding during 2025. (Roun earnings per share to 2 decimal places, e.g. 1.58.) Presented below are selected ledger accounts of Sheridan Corporation as of December 31, 2025

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