Return to the ABC data in Short Exercise S13-12. ABC had 8,000 shares of common stock outstanding

Question:

Return to the ABC data in Short Exercise S13-12. ABC had 8,000 shares of 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

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

The income tax rate for ABC Corporation is 39%.

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...