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13: At January 1, 2013, Foxmore Company had 80,000 shares of common stock outstanding and no preferred stock. During the year they issued 40,000 additional
13: At January 1, 2013, Foxmore Company had 80,000 shares of common stock outstanding and no preferred stock. During the year they issued 40,000 additional shares of common stock. At December 31, 2013, Foxmore had 120,000 shares of common stock outstanding, and no preferred stock. In addition, Foxmore reported the following results for the year 2013: Sales revenues from regular business operations $3,000,000 Cost of goods sold 900,000 Operating expenses from their regular business operations 600,000 Gain on disposal of several items of property, plant & equipment 15,000 Income tax expense on continuing operations 330,000 Loss on the termination of a discontinued business segment, net of tax 120,000 Losses on damage caused by earthquake, net of tax 280,000 Please prepare earnings per share information in the following format. (Round all amounts to nearest cent.) Earnings per share Income (loss) from continuing operations Income (loss) from discontinued operations Income (loss) before extraordinary items Extraordinary loss Net income (loss)
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