$(3$ points$)$ The following information was taken from the records of Carla Inc. for the year $2022$:

Income taz rate is $22\%.$

Gain on sale of equipment

Loss on discontinued operations $($pretax$)$

$$51,300$

Administrative exoenses

$214,000$

Preferred Stock dividends

Interest revenue

$698\mathrm{.}100$

Retained earnings January $1,2017$

$$50,000$

Loss on write$-$down of inventory

$45,400$

Cost of eoods sold

$651,900$

Selling expenses

$1\mathrm{.}411\mathrm{.}300$

$42,700$

Sales Revenue

$541,100$

Interest expense

$39,770$

$3,295,200$

Common shares outstanding during $2022$ was $245,000.$ Dont forget to factor in income tazes.

Required:

a$.$ Calculate earnings per share for income from continuing operations

b$.$ Calculate earnings per share for discontinued operations

c$.$ Calculate earnings per share for net income

$6(6$ points$)$ The Diversified Portfolio Corporation provides investment advice to customers. A

condensed income statement for the year ended December $31,2024,$ appears below:

In addition, the following transactions took place during the year:

Common stock was issued for $$100,000$ in cash.

Long$-$term investments were sold for $$50,000$ in cash. The original cost of the investments also

was $$50,000.$

$$80,000$ in cash dividends was pald to shareholders.

The company has no outslanding debt, other than those payables listed above.

Operating expenses include $$30,000$ in depreciation expense.

Prepare a statement of cash flows for $2024$ for the Diversified Portfollio Corporation. Use the indirect

method for reporting operating activities.