Show Attempt History Current Attempt in Progress Presented below are selected ledger accounts of Concord 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% $44,000 88,000 70,400 475.200 184,800 17,600 13,200 35,200 26,400 79,200 o RI search Xavier University uestion 3 of 5 0.75/1 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, eg. 1.58.) CONCORD CORPORATION Income Statement For the Year Ended December 31, 2017 Income From Continuing Operations $ I 160160 Income Tax 32032 Income From Continuing Operations 128128 Discontinued Operations, Net of Tax $ Net Income /(Loss) Earnings Per Share Income From Continuing Operations Loss on Discontinued Operations, Net of Tax RA o arch Var University For the Year Ended December 31, 2017 Income From Continuing Operations 160160 Income Tax 32032 Income From Continuing Operations 128128 Discontinued Operations, Net of Tax Net Income /(Loss) Earnings Per Share Income From Continuing Operations Loss on Discontinued Operations, Net of Tax Net Income /(Loss) e Textbook and Media o Type here to search Xavier University