Gain on the sale of investments Interest expense 250,000 300,000 Discontinued Wholesale Division Loss on operations of wholesale division Gain on disposal of wholesale division $ $ 800,000 1,000,000 Dividends declared on common stock Dividends declared on preferred stock $ 500,000 200,000 Effective tax rate on all items is 30% Additional Information: Common Shares Outstanding Beginning of the year End of the year Shares 15,000 35,000 Preferred Shares Outstanding Beginning of the year End of the year 1,100 1,100 Using the information provided above, prepare the Discontinued Operations section of the income statement and calculate the impact of the discontinued operations on Earnings Per Share