A portion of the combined statement of income and retained earnings of Ivanhoe Ltd. for the current year ended December 31, 2017 follows: Income before discontinued operations Loss from discontinued operations, net of applicable incorme tax (Note 1) Net income Retained eanings at beginning of year $30,219,000 1,730,000 28,489,000 93,32D,o00 121,B09,000 Dividends declared On preferred shares, $5 per share $380,500 On common shares, $1.1 per share Retained eamings at end of year Note 1. During the year, Ivanhoe Inc. suffered a loss from discontinued operations of s1,730,000 after the applicable incame tax reductian of $432,500. At the end of 2017, Ivanhoe Inc. has outstanding 12.25 million common shares and 75,100 shares of 5% preferred. On April 1, 2017, Ivanhoe Inc. issued 1.20 million common shares for $34 per share to help finance the loss. Calculate the earnings per share on common shares for the current year as it should be reported to shareholders. (Round answer to 2 decimal places, e.g. 15.25.) 13,475,0uo 13,855,500 $107,953,500 Earnings per share Income before loss from discontinued operations Loss from discontinued operations, net of tax Net income Assume that Ivanhoe Inc. issued a 11% stock dividend on September 1, 2017. Caloulate the earnings per share on common shares for 2017 as it should be reported to shareholders. (Round answer to 2 decimal places, e.g 15.25.) Earnings per share Income before loss from discontinued operations Loss from discontinued operations, net of ta:x Net income Question Attempts: 0 of 3 used