$250,000 gain on Discontinued Operations Question 15 4 pts Desert Corporation declared and paid preferred dividends of $50,000 in 20x1. There were 50,000 preferred shares outstanding and 100,000 weighted average common shares outstanding. 20x1 Net income for the company totaled $1,600,000. The company reported a loss from discontinued component (net of tax) of $50,000 and a loss on sale of discontinued component (net of tax) of $10,000 during the year. What was reported as earnings per share for income from continuing operations for 20x1? O $29.80 O $32.20 O $14.90 O $30.80 $16.10 O $15.40 4 pts Question 16 Logan Corp.'s trial balance of income statement accounts for the year ended December 31, 2020 included the following: Debit Credit SARA SED 00 Du DO 80 F4 F5 12 ( - & a # $ ) 0 4 5 7 6 8 2 3 8 9 D