Appendix: Earnings per share, discontinued operations

The net income reported on the income statement of Cutler Co$.$ was $$3,680,000.$ There were $50,000$ shares of $$14$ par common stock and $20,000$ shares of $$4$ preferred stock outstanding throughout the current year. The income statement included a gain on discontinued operations of $$450,000$ after applicable income tax.

a$.$ Determine the per$-$share figures for common stock for income before discontinued operations. Round your answer to the nearest cent.

$fill in the blank $1$

per share

b$.$ Determine the per$-$share figures for common stock for net income. Round your answer to the nearest cent.Appendix: Earnings per share, discontinued operations

a gain on discontinued operations of $$450,000$ after applicable income tax.

a$.$ Determine the per$-$share figures for common stock for income before discontinued operations. Round your answer to the nearest cent.

$

per share

b$.$ Determine the per$-$share figures for common stock for net income. Round your answer to the nearest cent.

$

per share