Earnings per common share

Labels and Amount Descriptions E Earnings per common share discontinued operations, after applicable income tax. There Gallant Company reported net income of $2,500,000. The income statement included a $200,000 loss on were 100,000 shares of S 10 par common stock and 40,000 shares of 4% preferred stock of $100 par outstaning throughout the arent year Required: Prepare the earnings per share section of Gallant Company's income statement Refer to the Labels and Amount Descriptions provided for the exact wording of the answer choices for text entriess You wll not indicated by the minus sign. Round your answers to two decimal places need to enter colons () on the income statement Negative amount should be Earnings Instructions Labels and Amount Descriptions weLabels Extraordinary items Amount Descriptions Gain on condemnation of land Gain on discontinued operations Income before extraordinary items Income from continuing operations Loss on condemnation of land Loss on discontinued operations Net income Net loss nstructions Earnings per common share Earnings per common share Refer to the Labels and Amount Descriptions provided for the exact wording of the colons (C) on the income statement Negative amount should be indicated by the minus sign. Round your Prepare the eamings per share section of share section of Gallant Company's income statement answer choices for text entries. You will not need to enter answers to two decimal places Galant Company Income Statement Earnings per common share