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2015, Esther Corporation reported net income of $1,000,000. It declared and paid preference rdinary share dividends of $100,0o0. During 2015, Esther had a average of 250,ooo ordinary shares outstanding. Compute Esther's 2015 earnings per 1. In dividends of $250,000 and o weighted share. A. $2.60 B. $3.00 C. $4.00 D. $5.00 2. Lantos Company had a 40% tax rate. Given the following pre-tax amounts, what would be the income tax expense reported on the face of the income statement? Sales revenue Cost of goods sold Salaries and wages expense Depreciation expense Dividend revenue Utilities expense Loss from discontinued operations Interest expense $110,000 60,000 8,000 11,000 9,000 1,000 10,0oo 2,000 A. $14,80o B. $10,80o C. $11,200 D. $7,200