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Reporting Earnings per Share Disclosures Sera Inc had 350,000 shares of no par common stock outstanding throughout 2020 that declared and paid dividends of
Reporting Earnings per Share Disclosures Sera Inc had 350,000 shares of no par common stock outstanding throughout 2020 that declared and paid dividends of $30,000 in 2020. The company also had 18,000 shares of preferred stock that pe dividends of $3,000 in 2020 (declared in 2020). The company reported the following amounts in its income statement for the year ended December 31, 2020 (pr Income fiden cortung operations 250,000 Lass from discontinued opera 21,000) D Required a. Prepare the earnings per share section of the income statement for the year ended December 31, 2020, assuming a tax rate of 25% Use a negative sign to indicate a loss. Enter the answers for per share amounts in dollars and cents, nunded to the nearest penny Per Share income from conturing operations Los hom dimand component, het of a sa Home 0.0 Required Repeat requirement of part a except now assume that the company reported income from dacontinued operations of $21,000 Use a negative sign to indicate a loss Enter the answers for per share aroune in dollars and cents, rounded to the nearest periny Per Share Iname be decontumaceert, we af tax 16
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