Appendix: Earnings per share, discontinued operations The net income reported on the income statement of Cutler Co. was $2,420,000. There were 200,000 shares of $14 par common stock and 80,000 shares of $3 preferred stock outstanding throughout the current year. The income statement Included a gain on discontinued operations of $300,000 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 i b. Determine the per-share figures for common stock for net income. Round your answer to the nearest cent. per share