In 2017, Cullumber Company reported a discontinued operations loss of $1260000, net of tax. It declared and paid preferred stock dividends of $110000 and common stock dividends of $345000. During 2017, Cullumber had a weighted average of 500000 common shares outstanding. As a result of the discontinued operations loss, net of tax, the earnings per share would decrease by $1.83 $1.61 $2.30 $2.52