When a company discontinues an operation and disposes of the discontinued operation (component), the transaction should be included in the income statement as a gain or loss on disposal reported as a bulk sale of plant assets included in income from continuing operations. an extraordinary item. a prior period adjustment. an amount after continuing operations. Question 25 2 pts Where must earnings per share be disclosed in the financial statements to satisfy generally accepted accounting principles? On the face of the balance sheet. On the face of the income statement. On the face of the statement of retained earnings (or, statement of stockholders' equity.) In the footnotes to the financial statements. Question 26 2 pts ABC Corporation reports the following information: Correction of overstatement of depreciation expense in prior years, net of tax $645,000 Dividends declared 480,000 Net income 1,500,000 Retained earnings, 1/1/20, as reported 6,000,000 ABC should report retained earnings, 12/31/20, at \begin{tabular}{l} $5,355,000 \\ $7,020,000 \\ \hline$7,665,000 \\ \hline$6,375,000 \end{tabular}