I need a little help understanding the actually activity that's going on in "information for 2016".

What's going on with stock ect.

Thank you so much!

you for offering to help assist our client with the preparation and presentation of Earnings per share information in the income statement. Here is a summary of the key facts: Company: Totally Tulip Sweet Information for 2016: Common stock outstanding at 12/31/16 150,000 shares New common stock issued 4/1/16 60,000 shares Preferred shares, $100 par, 1% noncumulative preferred-50,000. Income before taxes for 2016 is $400,000 which includes a loss from discontinued and a This amount includes a loss on the operation ofthe segment of $40,000 pretax loss on disposal of the assets of 20,000. Tax rate 30% Please prepare a brief memo which includes the following: 1. a short re-cap of the problem, 2. an analysis of the weighted average number of shares, 3. a schedule of the appropriate EPS disclosure which will be presented in the 2016 income statement and 4. a conclusion for the client. Your memo should not exceed one page You should also want to review the codification to see the proper format for the income statement presentation for discontinued operations (i.e. the way the schedule must be presented). Please be sure that your presentation is consistent with the required disclosure. The client is concerned because this is the discontinued operation in the firm's history. Ms. Sweet is questioning whether the per disclosure of the discontinued operations must be presented on the face of the income statement. Please search the codification and find the section that discusses the EPS disclosure requirements for operations and print out the specific guidance regarding where the disclosure is to be the Attach a that finding to your Be sure to include a reference to section where your guidance