Assume the same facts as in part (b), except that net income included a loss from discontinued operations of $441,000(net of tax). Compute earnings per share for 2018.(Round answer to 2 decimal places, e.g. $2.55.)

CullumberCorp. Income Statement December 31, 2018For the Year Ended December 31, 2018For the Quarter Ended December 31, 2018
DividendsExpensesExtraordinary LossExtraordinary GainIncome Before Extraordinary ItemIncome From Continuing OperationsIncome Per Share Before Extraordinary ItemLoss From Discontinued OperationsNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues	$
DividendsExpensesExtraordinary LossExtraordinary GainIncome Before Extraordinary ItemIncome From Continuing OperationsIncome Per Share Before Extraordinary ItemLoss From Discontinued OperationsNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues
DividendsExpensesExtraordinary LossExtraordinary GainIncome Before Extraordinary ItemIncome From Continuing OperationsIncome Per Share Before Extraordinary ItemLoss From Discontinued OperationsNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues

Assume that Cullumber Corp. earned net income of $3,582,000during 2018. In addition, it had100,000shares of9%, $100par nonconvertible, noncumulative preferred stock outstanding for the entire year. Because of liquidity considerations, however, the company did not declare and pay a preferred dividend in 2018. Compute earnings per share for 2018, using the weighted-average number of shares determined in part (a).(Round answer to 2 decimal places, e.g. $2.55.)

Earnings Per Share

$

Assume the same facts as in part (b), except that the preferred stock was cumulative. Compute earnings per share for 2018.(Round answer to 2 decimal places, e.g. $2.55.)

Earnings Per Share

$