lyon company shows the following condensed income statement information for the year ended December 31, 2013 income before extraordinary items $29936 less extraordinary loss(net of income tax credit (2176) net income $27760

Lyon declare dividends of 6000 on preferred stock and $17280 on common stock. At the beginning of 2013, 10,000 shares of common stock were outstanding. On may 4, 2013, the company issued 2,000 addition common shares and on October 19, 2014, it issued a 20% stock dividend on its common stock. the preferred stock is not convertible.

Required,

1. compute the 2013 basic earnings per share

2. show the 2013 income statement disclosure of basic EPS. if required round your answer to nearest cent.

income before extraordinary items-------per share

extraordinary loss------per share

net income--------- per share