The 2023 income statement of Sheridan Corporation showed net income of $1,320,230, which included a loss from discontinued
operations of $99,400. Sheridan had 28,000 common shares outstanding all year.
(a)
Calculate earnings per share for 2023 as it should be reported to shareholders. (Round answers to 2 decimal places, e.g. 15.25. Enter
negative amounts using either a negative sign preceding the number e,g. -45 or parentheses e.g. (45).)
Earnings per share
Income from continuing operations
Loss from discontinued operations, net of tax
Net incomec