Return to the TLM Corporation data in Short Exercise 13-12. TLM Corporation had 10,000 shares of common stock outstanding during 2025. TLM Corporation declared and paid preferred dividends of $6,000 during 2025.
Show how TLM Corporation reports EPS data on its 2025 income statement.

Data From Exercise 13-12:

TLM Corporation’s accounting records include the following items, listed in no particular order, at December 31, 2025:

The income tax rate for TLM Corporation is 21%.

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Other Income and (Expenses) $ (13,000) Cost of Goods Sold $ 95,000 Net Sales Revenue 172,200 Operating Expenses 45,000 Gain on Discontinued Operations 3,400