eBook Print O2 Answer saved Varied out of 5.00 P Flag question Reporting Earnings per Share Disclosures Siera Inc. had 350,000 shares of no par common stock outstanding throughout 2020 that declared and paid dividends of $75,000 in 2020. The company also had 45,000 shares of preferred stock that paid dividends of $7,500 in 2020 (declared in 2020). The company reported the following amounts in its income statement for the year ended December 31, 2020 (preta) Income from continuing operation 51.875,000 Lors from discontinued operations 52.500 support Required a. Prepare the earnings per share section of the income statement for the year ended December 31, 2020, assuming a tax rate of 25%. - Use a negative sign to indicate a loss. Round the per share amounts to two decimal places Income from continuing operation Lors from discontinued componente ofta av Net income o 0 Required b. Repeat requirement of part a except now assume that the company reported income from discontinued operations of $52,500. Use a negative sign to indicate a loss. Round the per share amounts to two decimal places 5 Per Share Income from continungsperations Income from discontinued component, net of tax Net income 0 0 0