X i Reference 1 RTY Corporation Income Statement Year Ended December 31, 2018 $ 220,480 Net Sales 78,000 Cost of Goods Sold Gross Profit 142,480 60,000 Operating Expenses Operating Income 82,480 (11,000) Other Income and (Expenses) Income Before Income Taxes 71,480 35,740 Income Tax Expense ncome from Continuing Operations 35,740 10,980 Discontinued Operations (less applicable tax) 46,720 Net Income RTY Corporation's income statement for the year ended December 31, 2018 follows: EClick on the icon view the income statement.) RTY had 18,000 shares of common stock outstanding during 2018. RTY declared and paid preferred dividends of $1,000 during 2018. Show how RTY reports EPS data on its 2018 income statement. (Round the earnings per share amounts to the nearest cent, $XXX.) RTY Corporation Income Statement Year Ended December 31, 2018 Net Income