ROR Corporation's income statement for the year ended December 31, 2024 follows: (Click on the icon...

Transcribed Image Text:

ROR Corporation's income statement for the year ended December 31, 2024 follows: (Click on the icon to view the income statement.) ROR had 18,000 shares of common stock outstanding during 2024. ROR declared and paid preferred dividends of $3,000 during 2024. Show how ROR reports EPS data on its 2024 income statement. (Round the earnings per share amounts to the nearest cent, $X.XX.) ROR Corporation Income Statement Year Ended December 31, 2024 Discontinued Operations Income Before Income Taxes Income From Continuing Operations Income From Discontinued Operations Net Sales Cost of Goods Sold Gross Profit Operating Expenses Operating Income ROR Corporation Income Statement Year Ended December 31, 2024 Other Income and (Expenses) Income Before Income Taxes Income Tax Expense Income from Continuing Operations Discontinued Operations (less applicable tax) Net Income $ 164,200 78,000 $ 86,200 48,000 38,200 (18,000) 20,200 4,242 15,958 3,318 19,276 ROR Corporation's income statement for the year ended December 31, 2024 follows: (Click on the icon to view the income statement.) ROR had 18,000 shares of common stock outstanding during 2024. ROR declared and paid preferred dividends of $3,000 during 2024. Show how ROR reports EPS data on its 2024 income statement. (Round the earnings per share amounts to the nearest cent, $X.XX.) ROR Corporation Income Statement Year Ended December 31, 2024 Discontinued Operations Income Before Income Taxes Income From Continuing Operations Income From Discontinued Operations Net Sales Cost of Goods Sold Gross Profit Operating Expenses Operating Income ROR Corporation Income Statement Year Ended December 31, 2024 Other Income and (Expenses) Income Before Income Taxes Income Tax Expense Income from Continuing Operations Discontinued Operations (less applicable tax) Net Income $ 164,200 78,000 $ 86,200 48,000 38,200 (18,000) 20,200 4,242 15,958 3,318 19,276