The following information is available for Marin Inc. for the
year ended December 31, 2017:
| Loss on discontinued operations | $75,000 | Retained earnings January 1, 2017 | $1,240,000 | |||
|---|---|---|---|---|---|---|
| Rent revenue | 87,000 | Selling expenses | 861,000 | |||
| Income tax applicable to continuing operations | 296,000 | Income tax applicable to loss on discontinued operations | 28,000 | |||
| Administrative expenses | 512,000 | Cost of goods sold | 1,674,000 | |||
| Loss on write-down of inventory | 35,000 | Sales revenue | 3,725,000 | |||
| Gain on sale of equipment | 37,000 | Cash dividends declared | 221,000 | |||
| Unrealized gain on available-for-sale securities | 32,000 | Interest expense | 51,000 |
200,000 shares were outstanding during all of 2017.
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![Per share of common stock: Net income /(Loss) Outstanding number of shares Earnins per share $373,000 (Ref: Income Statement]](http://img.homeworklib.com/questions/ea812940-192a-11eb-9e82-198d0f12e6e5.png?x-oss-process=image/resize,w_560)
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