Return to the TST data in Short Exercise S15A-13. TST had 8,000 shares of common stock outstanding during 2016. TST declared and paid preferred dividends of $4,000 during 2016. Show how TST reports EPS data on its 2016 income statement.

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Other Revenues and (Expenses) Net Sales Gain on Discontinued Operations (10,000 Extraordinary Loss 266,000 Cost of Goods Sold 16,600 79,000 65,000 34,500 Operating Expenses