In 2020, Johnston Corporation reported a discontinued operations loss of $1,000,000, net of tax. It declared and paid preferred stock dividends of $200,000 and common stock dividends of $360,000. During 2020, Johnston had a weighted average of 500,000 common shares outstanding. As a result of the discontinued operations loss, net of tax, the earnings per share would decrease by $1.50 O $1.60 $2.00 O $2.40