The following pretax amounts are taken from the accounting records of Goal Corp. at December 31,...

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The following pretax amounts are taken from the accounting records of Goal Corp. at December 31, its annual year-end. Assume an average 25% tax rate on all items. Not Restructuring costs are considered unusual and infrequent Sales revenue Service revenue Cost of goods sold Operating expenses Gain on sale of fixed asset (pretax) Restructuring costs (pretax) Loss on discontinued operations (pretax) $396,000 90.000 234.000 158,400 45,000 36,000 9,000 Common stock, weighted average shares outstanding 10,000 Prepare a single-step income statement, including the section on earnings per share. Note: Use a negative sign only for any discontinued operation losses. Note: Enter the answers for per share amounts in dollars and cents, rounded to the nearest penny, Goal Corp. Income Statement For the Year Ended December 31 Revenues and gains Sales revenue Service revenue Gain on sale of fixed asset Total revenues and gains Expenses and losses Cost of goods sold Operating expenses Restructuring costs Total expenses and losses Income from continuing operations before taxes Income tax expense Income from continuing operations Discontinued operations Income from continuing operations Net income Per share: Income from continuing operations Loss from discontinued component, net of tax savings Net income $ $ $ 0x 0x 0x 396,000 90,000 45,000 531,000 234,000 158,400 36,000 428,400 ✓ 0 x 0x 0x 0x 0x The following pretax amounts are taken from the accounting records of Goal Corp. at December 31, its annual year-end. Assume an average 25% tax rate on all items. Not Restructuring costs are considered unusual and infrequent Sales revenue Service revenue Cost of goods sold Operating expenses Gain on sale of fixed asset (pretax) Restructuring costs (pretax) Loss on discontinued operations (pretax) $396,000 90.000 234.000 158,400 45,000 36,000 9,000 Common stock, weighted average shares outstanding 10,000 Prepare a single-step income statement, including the section on earnings per share. Note: Use a negative sign only for any discontinued operation losses. Note: Enter the answers for per share amounts in dollars and cents, rounded to the nearest penny, Goal Corp. Income Statement For the Year Ended December 31 Revenues and gains Sales revenue Service revenue Gain on sale of fixed asset Total revenues and gains Expenses and losses Cost of goods sold Operating expenses Restructuring costs Total expenses and losses Income from continuing operations before taxes Income tax expense Income from continuing operations Discontinued operations Income from continuing operations Net income Per share: Income from continuing operations Loss from discontinued component, net of tax savings Net income $ $ $ 0x 0x 0x 396,000 90,000 45,000 531,000 234,000 158,400 36,000 428,400 ✓ 0 x 0x 0x 0x 0x

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