Business, 14.09.2021 14:00 mprjug6

Swifty Corporation had income from continuing operations of $ 10,826,400 in 2020. During 2020, it disposed of its restaurant division at an after-tax loss of $ 190,800. Prior to disposal, the division operated at a loss of $ 320,500 (net of tax) in 2020 (assume that the disposal of the restaurant division meets the criteria for recognition as a discontinued operation). Swifty had 10,000,000 shares of common stock outstanding during 2020. Prepare a partial income statement for Swifty beginning with income from continuing operations. (Round earnings per share to 2 decimal places, e. g. 1.48.)

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Swifty Corporation had income from continuing operations of $ 10,826,400 in 2020. During 2020, it di...

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