Income Statement Sections During the current year, Ediza Corporation sold a segment of its business at a loss of $175,000. Until it was sold, the segment had a current period operating loss of $200,000. The company has $750,000 income from continuing operations for the current year. Prepare the lower part of the income statement, beginning with the $750,000 income from continuing operations. Follow tax allocation procedures, assuming that all changes in income are subject to a 20 percent income tax rate. Disregard earnings per share disclosures. Do not use negative signs with any of your answers. $ 750,000 Income from Continuing Operations Discontinued Operations Loss from operations of discontinued segment $ Losson disposal of discontinued segment Net Income 200,000 x 0 x 0 x $ 775,000 x Check Earnings per Share Heart Corporation began the year with a simple capital structure consisting of 35,000 shares of common stock outstanding. On May 1, 5,000 additional common shares were issued, and another 20,000 common shares were issued on September 1. The company had a net income for the year of $468,000. Calculate the earnings per share of common stock. Earnings per Share $ 0