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ABC Corporation's income statement for the year ended December 31, 2018 follows: I (Click on the icon to view the income statement.) ABC had 8,000
ABC Corporation's income statement for the year ended December 31, 2018 follows: I (Click on the icon to view the income statement.) ABC had 8,000 shares of common stock outstanding during 2018. ABC declared and paid preferred dividends of $4,000 during 2018. Show how ABC reports EPS data on its 2018 income statement. (Round the earnings per share amounts to the nearest cent, $X.XX.) ABC Corporation Income Statement Year Ended December 31, 2018 Net Income i Reference ABC Corporation Income Statement Year Ended December 31, 2018 Net Sales $ 81,000 30,000 Cost of Goods Sold Gross Profit Operating Expenses Operating Income 51,000 25,000 26,000 (7,200) Other Income and (Expenses) Income Before Income Taxes 18,800 7,332 Income Tax Expense Income from Continuing Operations 11,468 2,196 Discontinued Operations (less applicable tax) $ 13,664 Net Income Print | Done] Print Done
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