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Appendix: Earings per share, discontinued operations The net income reported on the income statement of Cutler Co. was $3,610,000. There were 100,000 shares of $17

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Appendix: Earings per share, discontinued operations The net income reported on the income statement of Cutler Co. was $3,610,000. There were 100,000 shares of $17 par common stock and 40,000 share of $4 preferred stock outstanding throughout the current year. The income statement induded a gain on discontinued operations of $440,000 after applicable income tax a. Determine the per share figure for common stock for Income before discontinued operations. Round your answer to the nearest cent. per share b. Determine the per-share figure for common stock for net income. Round your answer to the nearest cent. per share

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