Results from 2019 Income From Continuing Operations (net of tax) Loss from Discontinued Operations (net of tax) Net Income $126,000 $14.000 $112,000 Cash Dividends Declared Tax Rate $15,000 25% Common Stock Jan. 1 April 1 October 1 Dec. 1 90,000 shares outstanding purchased 6,000 shares of treasury stock distributed 10% common stock dividend sold 4,200 shares of treasury stock Convertible Preferred Stock, 5%, $40 par, non-cumulative, non-participating. Each share is convertible into 2 shares of common stock beginning in 2023. 3,000 shares of preferred stock have been outstanding all year (originally sold for $43 per share in 2015) III. Convertible Bonds, $90,000, 6%, 5 year, sold for 96 in 2015 and pay interest annually. Each $1,000 bond is convertible into 40 shares of common stock beginning in 2020 IV. Stock Options, for 600 shares, granted in 2018, option price $12. Exereisable in 2021. Average market price of the common stock for 2018 - $28, for 2019 = $31, estimated for 2020 = $33 INSTRUCTIONS Prepare the appropriate Earnings Per Share calculations for 2019. Feel free to use one of the EPS outlines which are in the class notes because you will have a similar outline (with a little LESS information) given to you for the test