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Windsor Inc. reported Income from Continuing Operations before taxes during 2025 of $816,500. Additional transactions occurring in 2025 but not considered in the 5816.500 are as follows. I. 2. 3. 4 6. The corporation experienced an uninsured flood loss in the amount of $90,600 during the year. At the beginningof2023, thecorporation purchased a machine for $61,200 (salvage value of $10,200) that had a useful lifeof 6 years. Thebookkeeper used straight-line depreciation for 2023.2024 and 2025, but failed to deduct the salvage value in computing the depreciation base. Sale of securities held as a part of its portfolio resulted in a loss of $59,800 (pretax). When its president died. the corporation realized $136,400 from an insurance policy. The cash surrender value of this policy had been carried on the books as an inw2stment in the amount of $48,930 (the gain is nontaxable). The corporation disposed of its recreational division at a loss of $113,710 before taxes. Assume that this transaction meets the criteria for discontinued operations. The corporation decided to change its method of inventory pricingfromaverage-cost tothe FIFO method. The effect of this change onprioryears is to increase 2023 income by 563.980 and decrease 2024 income by $21,750 before taxes. The FIFOmethod has been used for 2025. The taxrate on these items is 3C Prepare an income statement for the year 2025 starting with Income from Continuing Operationsbefore taxes. Compute earningsper shareasitshould be shownon the faceofthe income statement. Common shares outstanding for the year are 127.820 shares. (Assumeatax rateof 30% on all items. unless indicatedoth