Question 12 0.5 pts In 2020, Pharoah Company reported a discontinued operations loss of $1250000, net of tax. It declared and paid preferred stock dividends of $125000 and common stock dividends of $365000. During 2020, Pharoah had a weighted average of 500000 common shares outstanding. As a result of the discontinued operations loss, net of tax, the earnings per share would decrease by $2.25 $2.50. $1.52 $1.77