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The 2020 income statement of Cullumber Corporation showed net income of $1,220,800, which included a loss from discontinued operations of $107,200. Cullumber had 32,000 common
The 2020 income statement of Cullumber Corporation showed net income of $1,220,800, which included a loss from discontinued operations of $107,200. Cullumber had 32,000 common shares outstanding all year.
Calculate earnings per share (EPS) for 2020 as it should be reported to shareholders.
Earnings per share
Income from continuing operations$
Loss from discontinued operations, net of tax$
Net income
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