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TO) Question Help Plarac Construction Ltd. had 70,000 common shares and 25,000 $0.95 preferred shares outstanding on December 31, 2019. On April 30, 2020, the
TO) Question Help Plarac Construction Ltd. had 70,000 common shares and 25,000 $0.95 preferred shares outstanding on December 31, 2019. On April 30, 2020, the company issued 6,500 additional common shares and split the common shares 2 for 1 on December 1, 2020 There were no other share issuances and no share repurchases during the year ended December 31, 2020. Income for the year from continuing operations was $80,000, and loss on discontinued operations (net of income tax) was $7,500 Required Compute Plarac Construction Ltd.'s EPS amounts for the year ended December 31, 2020 (Hold all decimals in interim calculations. Round your final answers to the nearest cent. Use parentheses or a minus sign when subtracting numbers.) Earnings per share: Income from continuing operations Loss on discontinued operations Net income
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