P 1. 2. Difference in net income: $48,800
P 2. 1. Income before extraordinary items and cumulative effect of accounting change: $108,000
P 3. 1. Income from continuing operations, December 31, 20x3: $551,250
P 4. 2. Total stockholders' equity, December 31, 20x3: $1,157,000
P 5. 2. Retained earnings: $231,500; Total stockholders' equity: $1,321,500
P 6. 1. Income before extraordinary items and cumulative effect of accounting change: $205,000
P 7. 2. Total stockholders' equity, December 31, 20x5: $2,964,000
P 8. 2. Retained earnings: $207,500; Total stockholders' equity: $1,257,500