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BTE Corporation's income statement for the year ended December 31, 2018 follows: (Click cn the icon to view the income statement.) BTE had 18,000 shares
BTE Corporation's income statement for the year ended December 31, 2018 follows: (Click cn the icon to view the income statement.) BTE had 18,000 shares of common stock outstanding during 2018. BTE declared and paid preferred dividends of $9,0000 during 2018. Show how BTE reports EPS data on its 2018 income statement. (Round the earnings per share amounts to the nearest cent, $XXX.) Reference BTE Corporation Income Statement Year Ended December 31, 2018 BTE Corporation Income Statement Earninas per Share of Common Stock (18,000 shares outstanding): Year Ended December 31, 2018 Income From Continuing Operations 43740 $ 248,480 Net Sales 10440 Income From Discontinued Operations 95,000 54180 Cost of Goods Sold Net Income Gross Profit 153.480 5,000 Operating Expenses Operating Income 98,480 (11,000) Other Income and (Expenses) Income Before Income Taxes 87,480 43,740 Income Tax Expense m Continuing Operations Income 43.740 10,440 Discontinued Operations (less applicable tax) $ 54,180 Net Income Print Done FFEI
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