Nelson corporation is required to record an inventory write-down of $2,500 as a result of using the lower-of-cost-or-market rule. which of the following shows how this entry would affect the financial statements? assets = lia. + stk. equity rev. - exp. = net inc. stmt of cash flows a. (2,500) na (2,500) na 2,500 (2,500) na b. (2,500) (2,500) na na na na na c. na (2,500) 2,500 2,500 na 2,500 na d. (2,500) na (2,500) na 2,500 (2,500) (2,500)

At december 31, 2016, pina corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 107,810 shares $10,781,000 common stock, $5 par, 4,026,000 shares 20,130,000 during 2017, pina did not issue any additional common stock. the following also occurred during 2017. income from continuing operations before taxes $21,950,000 discontinued operations (loss before taxes) $3,505,000 preferred dividends declared $1,078,100 common dividends declared $2,300,000 effective tax rate 35 % compute earnings per share data as it should appear in the 2017 income statement of pina corporation