2) For the year ended December 31, Storm, Inc. had net sales of $8,000,000, expenses of $5,500,00), and a loss from discontinued operations (net of tax) of S1,000,000 and an extraordinary loss (net of income tax) of S750,000 Prepare a condensed income statement. Make sure to include earnings per share assuming that there were 100,000 avg. shares outstanding. Storm, Ine Condensed Income Statement For Year Ended Dec. 31, 20x)X Net Sales Operating Income Less: Income Before Extraordinary Itenm Less: Earnings Per Share (fill out below) Operating Earnings Per Share Less: Income Before Extraordinary Item Less Earnings Per Share
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