Preparing a combined statement of income and retained earnings [10 min]
During 2012, St. Bernard, Corp., earned income from continuing operations of $139,000. The company also sold a segment of the business (discontinued operations) at a loss of $37,000 and had an extraordinary gain of $11,000. At year-end,St. Bernard had an unrealized loss on investments of $5,000.
Requirements
1. Compute St. Bernard’s net income and comprehensive income for 2012. Allamounts are net of income taxes.
2. What final EPS figure should St. Bernard report for 2012? What is the correcttitle of this calculation? What is the amount of this calculation? St. Bernard had30,000 shares of common stock (and no preferred stock) outstanding.
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