To illustrate EPS reporting for various combinations of gains and losses, assume that 1,000 weighted-average shares of common stock for basic EPS are outstanding for each of the four cases below. Also assume preferred stock dividends of \(\$ 2,500\) were declared and paid during the year.

Required 

Show the EPS financial statement presentation for basic EPS for each Case \(A\) through \(D\).

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Case A Case B Case C Case D Income (loss) continuing operations... $10,000 $(10,000) $10,000 $(10,000) Income (loss) from discontinued operations.. 3,000 (3,000) (3,000) 6,000