Question: Return to the RAR data in Short Exercise S15A-13. RAR had 13,500 shares of common stock outstanding during 2015. RAR declared and paid preferred dividends

Return to the RAR data in Short Exercise S15A-13. RAR had 13,500 shares of common stock outstanding during 2015. RAR declared and paid preferred dividends of $ 3,000 during 2015.

Show how RAR reports EPS data on its 2015 incomestatement.

Other Revenues and (Expenses) Net Sales Gain on Discontinued Operations (15,000) 177,000 12,000 Extraordinary Loss 7,000 Cost of Goods Sold 73,000 Operating Expenses 55,000

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