A portion of the combined statement of income and retained earnings of Wildhorse Ltd. for the current year ended December 31. 2020 follow Income before discontinued operations $5,155,000 Loss from discontinued operations, net of applicable income tax (Note 1) 4028,000 Net income 1127000 Retained earnings at beginning of year 23,230,000 24,357,000 Dividends declared On preferred shares $4.00 per share. On common shares $1.20 per share Retained earnings at end of year $321.600 2,340,000 2.661.000 $21.695400 Note 1. During the year. Wildhorse Inc. suffered a loss from discontinued operations of $4,028,000 after the applicable income tax reduction of $1.007,000 At the end of 2020, Wildhorse Inc has outstanding 195 million common shares and B0400 preferred shares On April 1, 2020. Wildhorse Inc. issued 100 million common shares for $6 per share to help finiece the loss Question 4 of 8 < > x Your answer is incorrect. 0/1 E Calculate the earnings per share on common shares for 2020 as it should be reported to shareholders. (Round answer to 2 decimal ploces, e.g. 15.25.) Income before loss from discontinued operations $ Loss from discontinued operations, net of tax $ Net income eTextbook and Media Earnings per share 179 149 I 0.30 x Your answer is incorrect. 0/1 E Assume that Wildhorse Inc. issued a 18% stock dividend on September 1, 2020. Calculate the earnings per share on common shares for 2020 as it should be reported to shareholders. (Round answer to 2 decimal places, eg. 15.25) Earnings per share Income before loss from discontinued operations $ 152 Loss from discontinued operations, net of tax S 1.26 $ 0.25 Net income eTextbook and Media