The stockholdersSolutionEarnings per share data as it should appear in.docx

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The stockholders Solution Earnings per share data as it should appear in the income statement: Notes .

The stockholders
Solution
Earnings per share data as it should appear in the income statement:
Notes
Particulars Amount
Income from continuing
operatoinsbefore taxes (refer notes)
$69,355,848.48
Less: Income taxes $23,580,988.48
Income from continuing
operations(A)
$45,774,860.00
Loss on account of major casuality $12,351,000.00
Income tax benefit from loss $4,199,340.00
Extraordinary loss net tax savings (B) $8,151,660.00
Net income(A-B) $37,623,200.00

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1. The stockholders Solution Earnings per share data as it should appear in the income statement: Notes Particulars Amount Income from continuing operatoinsbefore taxes (refer notes) $69,355,848.48 Less: Income taxes $23,580,988.48 Income from continuing operations(A) $45,774,860.00 Loss on account of major casuality $12,351,000.00 Income tax benefit from loss $4,199,340.00 Extraordinary loss net tax savings (B) $8,151,660.00 Net income(A-B) $37,623,200.00