Earlyrain Inc.?s 2020 income statement, excluding the earnings per share portion of the statement, was as follows:

The weighted-average number of common shares outstanding during the year was 100,000. Present the earnings per share portion of the 2020 income statement (round EPS calculations to two decimal places).

Transcribed Image Text:

Revenues $380,000 Expenses: Depreciation. Income taxes. $ 41,520 52,080 Other expenses.. Profit from continuing operations. Loss from operating discontinued business segment (net of $18,800 tax benefit). Loss on sale of business segment (net of $7,520 tax benefit). Profit. 257,600 164,000 $122,400 $ 44,800 17,600 (62,400) $ 60,000