Practise what you have learned by completing exercises for "XYZ Limited(Opens in new window)." Task 2 Respond to the following questions in a new document. To support your thinking, review content that was covered in this learning activity. What additional classification of items must appear on a corporation's income statement? What are discontinued operations and extraordinary items, and why are they important to report on the income statement? What is EPS (earnings per share), how is it calculated, and why is it important to know? What is meant by common-size and comparative income statements and how do you set them up? What can you learn from common-size and comparative income statements? What is trend analysis and why might a company's management team want to embark on trend analysis