The ledger of Blossom Corporation at November 30, 2021, contains the following summary data: Cash dividends-common $71,000 $1,122,000 Cash dividends-preferred 25,000 92,000 Common shares 326,000 Operating expenses Other comprehensive income-loss on equity investments (before income tax) Rent revenue Preferred shares ($5 noncumulative) Retained earnings, December 1, 2020 60,000 Cost of goods sold 7.400,000 402.000 Depreciation expense 362,000 753,000 Sales 9,032,000 Your analysis reveals the following additional Information: 1. 2 The company has a 25% income tax rate. The communications devices division was discontinued on August 31. The profit from operations for the division up to that day was $19.400 before income tax. The division was sold at a loss of $81,000 before income tax. There were 200,000 common and 5,000 preferred shares issued on December 1, 2020, with no changes during the year, 3 BLOSSOM CORPORATION Income Statement Year Ended November 30, 2021 Sales 9032000 Cost of Goods Sold 7400000 Gross Profit 1632000 Operating Expenses 122000 . ! i . . + Earnings per share