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Stacy Corporation had income before income taxes for 2014 of

Question : Stacy Corporation had income before income taxes for 2014 of : 75053

Stacy Corporation had income before income taxes for 2014 of $6,311,000. In addition, it suffered an unusual and infrequent pretax loss of $776,100 from a volcano eruption. The corporation’s tax rate is 30%. Prepare a partial income statement for Stacy beginning with income before income taxes. The corporation had 4,966,000 shares of common stock outstanding during 2014. (Round earnings per share to 2 decimal places, e.g. 1.48.)

 

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