The income statement for Weatherford International Inc.$\text{'}$s year ended December $31,2023,$ was prepared by an inexperienced bookkeeper. As the new accountant, your immediate priority is to correct the statement. All amounts included in the statement are before tax $($assume a rate of $20\%).$ The company had $101,000$ common shares issued and outstanding throughout the year, as well as $20,200$ shares of $$1\mathrm{.}20$ cumulative preferred shares issued and outstanding. Retained earnings at December $31,2022,$ were $$329,300.$

Required:

Prepare a corrected income statement, including earnings per share information. $($Negative answers should be indicated by a minus sign in the other revenues and expenses section and the discontinued operations section. Round the "Earnings per Share" answers to $2$ decimal places.$)$

Required;

$1)$ income statement

$2)$earnings per share of common shares outstanding

Profit from continuing operations:

Loss from discontinued operations:

Profit: