Lee Corp. had 120,000 weighted average common shares outstanding in 2020 and 3,000 weighted average preferred shares outstanding in 2020. Lee Corp. reported net income of $225,000 in 2020 and declared and paid $30,000 and $6,000 of common stock and preferred stock dividends, respectively. Lee Corp. also reported a loss from discontinued operations of $12,000, after tax. Prepare the company's presentation of earnings per share on the income statement. Note: Indicate a loss with a negative sign. Income Statement 2020 Income from continuing operations $ Loss from discontinued operations Net Income $ Basic earnings per share: Income from continuing operations $ Loss from discontinued operations Net income