4 lem 2-10 Points -Income Statement Using the information provided below to: 1 Complete the Disontinued Operations section of the Income Statement. 2 Calculate (show your work) the Earnings Per Share impact from Discontinued Operations Dividends declared on common stock Dividends declared on preferred stock $ 300,000 $ 500,000 Discontinued..oodservice Division Dollar Amounts below are Pre-Tax) Loss on operations of Foodservice division Gain on disposal of Foodservice division $ 3,300,000 $ 4,300,000 Effective tax rate on all items is 25% Common Shares Outstanding Shares 200,000 400,000 Preferred Shares Outstanding Beginning of the year End of the year Beginning of the year End of the year 10,000 10,000 c 4 lem 2-10 Points -Income Statement Using the information provided below to: 1 Complete the Disontinued Operations section of the Income Statement. 2 Calculate (show your work) the Earnings Per Share impact from Discontinued Operations Dividends declared on common stock Dividends declared on preferred stock $ 300,000 $ 500,000 Discontinued..oodservice Division Dollar Amounts below are Pre-Tax) Loss on operations of Foodservice division Gain on disposal of Foodservice division $ 3,300,000 $ 4,300,000 Effective tax rate on all items is 25% Common Shares Outstanding Shares 200,000 400,000 Preferred Shares Outstanding Beginning of the year End of the year Beginning of the year End of the year 10,000 10,000 c