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The shareholders' equity section of Culver Corporation as at December 31, 2023, follows: Net income of $30 million for 2023 reflects a total effective tax rate of 25%. Included in the net income figure is a loss of $12 million (before tax) relating to the operations of a business segment that is to be discontinued. Calculate earnings per share information as it should appear in the financial statements of Culver for the year ended December 31 , 2023. Hint: Cumulative preferred shares dividends need not be declared to be included in the EPS calculation (Round anciuercte? Net income of $30 million for 2023 reflects a total effective tax rate of 25%. Included in the net income figure is a loss of $12mi (before tax) relating to the operations of a business segment that is to be discontinued. Calculate earnings per share information as it should appear in the financial statements of Culver for the year ended December 2023. Hint: Cumulative preferred shares dividends need not be declared to be included in the EPS calculation. (Round answers to decimal places, e.g. 52.75.) 2023. (Round answers to 2 decimal places, eg. 52.75.) 1.) Loss from Discontinued Operations, Net of Tax $9,000,000 2.) Income from Continuing Operations Net Income - Loss from Discontinued Operations, Net of Tax $21,000,000 3.) Preferred Dividends Declared $359,995=44999408% 4.) # of common shares =10,000,000 Earnings Per Share Continuing Operations Discontinued Operations Net Income/(Loss) $2.06 ($0.90) $1.16 12000000 3000000 9000000 30,000,000 9,000,000.00 21,000,000.00 (Income from Continuing Operations - Preferred Dividends Declared)/(\# (-Loss from Discontinued Operations, Net of Tax/\# of common shares) (Net Income - Preferred Dividends Declared)/(\# of common shares) Loss from Discontinued Oper Less: Income Tax Loss from Discontinued Oper Net Income Add: Loss from discontinued Income from Continuing Oper Preferred dividend declared Question A Question 5 Question 8 Question 9 Partial Balance Sheet Question 12 52.75 \). of Tax \begin{tabular}{|r|l|r|} \hline 12000000 & Loss from Discontinued Operations (before tax) & $12,000,000.00 \\ \hline 3000000 & Less: Income Tax & $3,000,000.00 \\ \hline 9000000 & Loss from Discontinued Operations (net of tax) & $9,000,000.00 \\ \hline 30,000,000 & Net Income & $30,000,000.00 \\ \hline 9,000,000.00 & Add: Loss from discontinued operations, net of tax & $9,000,000.00 \\ \hline 21,000,000.00 & Income from Continuing Operations & $21,000,000.00 \\ \hline & Preferred dividend declared & $359,995.20 \\ & & $2.06 \\ & & $0.90 \\ \hline \end{tabular} rnings Per Share $2.06 (Income from Continuing Operations - Preferred Dividends Declared)/(\# of common shares) ($9.90) (-Loss from Discontinued Operations, Net of Tax/\# of common shares) $1.16 (Net Income - Preferred Dividends Declared)/(\# of common shares)