Prep Holding Company operates numerous businesses, including motel, auto rental, and real estate companies. 2012 was interesting for Prep, which reported the following on its income statement (in millions):

During 2012, Prep had the following (in millions, except for par value per share):
Common stock, $0.02 par value, 900 shares issued ................ $ 18
Treasury stock, 300 shares at cost........................................... (3,542)

Requirement
1. Show how Prep should report earnings per share for 2012.

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Net revenues Total expenses and other... Income from continuing operation.s.. 3,227 575 82 657 Income before extraordinary item, net of tax. Extraordinary gain, net of tax