Return to the Knowledge King data in Short Exercise. Knowledge King had 10,000 shares of common stock outstanding during 2010. Knowledge King declared and paid preferred dividends of $1,000 during 2010.

Report Knowledge Kings earnings per share on the income statement. (Round all calculations to two decimalplaces.)

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Other gains (losses) Net sales revenue..184,000 Loss on discontinued 4,000 72,000 60,000 16,000 $(21,000) Extraordinary gain Cost of goods sold.. Operating expenses Accounts receivable. … … operations... 17,000