The following information relates to Perry Corporation for the year ended 2009 December 31:
|
Common stock outstanding |
75,000 shares |
|
Income from continuing operations |
$1,523,200 |
|
Loss on discontinued operations (net of tax) |
240,000 |
|
Extraordinary gain (net of tax) |
144,000 |
Calculate EPS for the year ended 2009 December 31. Present the information in the same format used in the corporation”s income statement.