question 4 and 5

Lantos Company had a 20 percent tax rate. Sales revenue Cost of goods sold Salaries and wages expense Depreciation expense Dividend revenue Utilities expense Discontinued operations loss Interest expense $1,000,000 600,000 80,000 110,000 90,000 10,000 100,000 20,000 4. Given the following pre-tax amounts, what would be the income tax expense reported on the face of the income statement? (See Module 3 Part 2) In 2020, Esther Corporation reported net income of $600,000. It declared and paid preferred stock dividends of $150,000 and common stock dividends of $60,000. During 2020, Esther had a weighted average of 150,000 common shares outstanding 5. Compute Esther's 2020 earnings per share. (See Module 3 Part 2) 1