At December 31, 2020, Yosra Corporation had the following shares outstanding: 10% cumulative preferred shares, 107,500 shares outstanding $10,750,000 Common shares, 4,000,000 shares outstanding 20,000,000 During 2020, the corporation's only share transaction was the issuance of 400,000 common shares on April 1. During 2020, the following also occurred: Income from continuing operations before tax $23,650,000 Discontinued operations (loss before tax) 3,225,000 Preferred dividends declared 1,075,000 Common dividends declared 2,200,000 Effective tax rate 30%

Required:

a) Prepare the partial income statement starting with income from continuing operations

b) Compute the weighted average common shares outstanding

c) Calculate and explain earnings per share information as it should appear below the income statement of Yosra Corporation for the year ended December 31, 2020.

d) Explain the difference between chairholders transaction and non shareholders transactions that impact the owners equity