do not need it

Question 7 (5 marks) The shareholders' equity section of Riverbed Corporation as at December 31, 2020, follows: 10% cumulative preferred shares, 100,000 shares authorized, 65,000 shares outstanding $4,300,000 Common shares, 10 million shares authorized and issued 10,000,000 Contributed surplus 11,000,000 25,300,000 Retained earnings 176,000,000 $201,300,00 et income of $25 million for 2020 reflects a total effective tax rate of 26%. Included in the ne ome figure is a loss of $16 million (before tax) relating to the operations of a business ument that is to be discontinued. quired: the following table to calculate income statement and earnings per share information as uld appear in the financial statements of Riverbed Corporation for the year ended ember 31, 2020. Continuing operations Income from continuing operations before tax Income tax Income from continuing operations after tax (3) Discontinued operations Loss from discontinued operations before tax (4) Tax recovery Loss from discontinued operations after tax Net income Earnings per share Continuing Operations Discontinued Operations Net income/loss