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The income statement for Weatherford International inc.'s year ended December 31, 2023, was prepared by an inexperienced bookkeeper. As the new accountant, your immediate priority is to correct the statement. All amounts included in the statement are before tax (assume a rate of 40% ). The company had 120,000 common shares issued and outstanding throughout the year, as well as 24,000 shares of $1.20 cumulative preferred shares issued and outstanding. Retained earnings at December 31, 2022, were $338,800 Required: Prepare a corrected income statement, including earnings per share information. (Negotive onswers should, be indicated by a minus sign in the other revenues and expenses section and the discontinued operations section. Round the "Earnings per Share" answers to 2 decimal places.) Required: Prepare a corrected income statement, including earnings per share information. (Negative answers should be indicoted by a minus sign in the other revenues ond expenses section and the discontinued operations section. Round the "Eornings per Share" Earnings per share of common shares outstanding \begin{tabular}{|l|l|} \hline Profit from continuing operations \\ \hline Loss from discontinued operations \\ \hline Profit \\ \hline \end{tabular}