On January 1, 2023, Cullumber Limited had shares outstanding as follows: 5% cumulative preferred shares, $100 par value, 10,000 shares issued and outstanding $1,000,000 Common shares, 201,000 shares issued and outstanding 2,010,000 To acquire the net assets of three smaller companies, the company authorized the issuance of an additional 306,000 common shares. The acquisitions were as follows: Date of Acquisition Shares Issued Company A: April 1, 2023 164,000 Company B: July 1, 2023 Company C: October 1, 2023 83,000 59,000 On May 14, 2023, Cullumber realized a $99,000 gain (before tax) on a discontinued operation from a business segment that had originally been purchased in 2003. On December 31, 2023, the company recorded income of $685,000 before tax, not including the discontinued operation gain. Cullumber has a 30% tax rate. C. Assume that Cullumber declared a 1-for-2 reverse stock split on February 10, 2024, and that the company's financial statements for the year ended December 31, 2023, were issued on February 28, 2024. D. Calculate earnings per share for 2023 as it should be reported to shareholders Income before gain from discontinued operations Discontinued operations gain net of tax Net income