Return to the ABC data in Short Exercise S13-12. ABC had 8,000 shares of common stock outstanding during 2018. ABC declared and paid preferred dividends of $4,000 during 2018. Show how ABC reports EPS data on its 2018 income statement.
In Short Exercise S13-12

The income tax rate for ABC Corporation is 39%.

Other Income and (Expenses) $ (7,200) Cost of Goods Sold Operating Expenses $ 30,000 25,000 Net Sales 81,000 3,600 Gain on Discontinued Operations