Answer and Explanation:
The Preparation of partial income statement for Splish is shown below:-
Splish Corporation
Partial income statement
For the year 2020
Particulars Amount
Income from operations $10,703,000
Less:
Discontinued operations:
Loss from operations $322,000
Loss from disposal $205,000 $527,000
Net income $10,176,000
Earnings per share:
Income from continuing
operations 1.07
($10,703,000 ÷ 10,000,000)
Less:
Discontinued operations, net of tax 0.05
($527,000 ÷ 10,000,000)
Net income 1.02
($10,176,000 ÷ 10,000,000)