d)
Assume that Sunland earned net income of $2,077,400 during 2023. In addition, it had 110,000 of 10%, $100 par, non- convertible, non-cumulative preferred shares outstanding for the entire year. Because of liquidity limitations, however, the company did not declare and pay a preferred dividend in 2023. Assume that net income included a loss from discontinued operations of $159,800, net of applicable income tax.
Calculate earnings per share for 2023. (Round answers to 2 decimal places, e.g. 15.25. Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses e.g. (45).)
Earnings per share
Income from continuing operations
Loss from discontinued operations
Net income