Shown below is information relating to operations of Smith Company, Inc. for the year ended 2018...

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Shown below is information relating to operations of Smith Company, Inc. for the year ended 2018 Continuing operations: Net sales Cost and expenses (including income taxes) Other data 500,000 5,720,000 Current-year profit generated by segment of the business discontinued in May (net of income taxes) $42.100 Gain on disposal of discontinued segment (net of income taxes) $185,900 Prior-period adjustment (decrease in prior years income net of tax benefit) Extraordinary loss (net of income tax benefit) Cash dividends declared ($6 per share) $347,100 $325,000 520,000 Smith Company, Inc. has the year 100,000 shares of a single class of common stock outstanding throughout ng earnings per share figures Prepare the income statement for Smith Company, Inc, includi

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42 43 Smith Company Inc. Income Statement For the Year Ended December 31, 2018 45 46 47 48 49 50 51 52 53 54 Net sales Less C

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Shown below is information relating to operations of Smith Company, Inc. for the year ended 2018...

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