Question: Return to the Knowledge King data in Short Exercise. Knowledge King had 10,000 shares of common stock outstanding during 2010. Knowledge King declared and paid

Return to the Knowledge King data in Short Exercise. Knowledge King had 10,000 shares of outstanding during 2010. Knowledge King declared and paid preferred dividends of $1,000 during 2010.

Report Knowledge Kings earnings per share on the income statement. (Round all calculations to two decimalplaces.)

Other gains (losses) Net sales revenue..184,000 Loss on discontinued 4,000 72,000 60,000 16,000 $(21,000) Extraordinary gain Cost of goods sold.. Operating expenses Accounts receivable. operations... 17,000

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