19. The following information pertains to the Garfield Company.

The company had net income of $150,000. The company had income from continuing operations of $135,000 and income from extraordinary items of $15,000. The company had 20,000 weighted average common shares outstanding during the year. The company had 10,000 shares of 8%, $20 par, cumulative preferred stock outstanding during the year, but no dividends were declared during the year.

The company MUST report:

1. Basic EPS for Net Income of $7 .50, Income from Continuing Operations of $6.75, and Income from Extraordinary Items of $0.75
2. Basic EPS for Net Income of $6. 70, Income from Continuing Operations of $6. 75, and Income from Extraordinary Items of ($0.05)
3. Basic EPS for Net Income of $6. 70, Income from Continuing Operations of $5.95, and Income from Extraordinary Items of $0.75
4. Basic EPS for Net Income of $7 .50, Income from Continuing Operations of $5.95, and Income from Extraordinary Items of ($0.05)
5. Basic EPS for Net Income of $6. 70, Income from Continuing Operations of $5.95, and Income from Extraordinary Items of ($0.05)