Convertible preferred stock, Convertible bonds, and EPS I only need the answers to number 4b.

Convertible Preferred Stock, Convertible Bonds, and EPS Francis Company has 28,800 shares of common stock outstanding at the beginning of 2019. Francis issued 3,600 additional shares on May 1 and 2,400 additional shares on September 30. It also has two convertible securities outstanding at the end of 2019. These are: 1. Convertible preferred stock: 3,000 shares of 8.0%, $50 par, preferred stock were issued on January 2, 2016, for $60 per share. Each share of preferred stock is convertible into 2 shares of common stock. Current dividends have been declared and paid. To date, no preferred stock has been converted, 2. Convertible bonds: Bonds with a face value of $300,000 and an interest rate of 5.0% were issued at par in 2018. Each $1,000 bond is convertible into 25 shares of common stock. To date, no bonds have been converted, Francis earned net income of $84,000 during 2019. The income tax rate is 30%. 4a. Assume the same facts as above except that net income included a loss from discontinued operations of $12,000 net of income taxes. Compute basic EPS. If required, round your answer to two decimal places. Basic earning per share: 2.26 4b. Show how the basic EPS you calculated should be reported to shareholders. You do not have to calculate diluted EPS. Francis Company EPS Computations EPS Based on: Income from continuing operations $96.000 Loss from discontinued operations 12.000 Net income $ 84,000