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Prepare a partial income statement beginning with income

(Income Statement, EPS) Presented below are selected ledger accounts of Tucker Corporation as of December 31, 2004.

(a) Compute net income for 2004.

(b) Prepare a partial income statement beginning with income from continuing operations before income tax, and including appropriate earnings per share information. Assume 10,000 shares of common stock were outstanding during 2004.

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