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E16-17. EPS: Simple Capital Structure) (LO 4) Ace Company had 200,000 shares of common stock outstanding on December 31, 201 During the year 2019, the
E16-17. "EPS: Simple Capital Structure) (LO 4) Ace Company had 200,000 shares of common stock outstanding on December 31, 201 During the year 2019, the company issued 8,000 shares on May 1 and retired 14,000 shares on October 31. For the year 2019, Ace Company reported net income of $249,690 after a loss from discontinued operations of $40,600 (net of tax). Instructions What earnings per share data should be reported at the bottom of its income statement
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