Return to the TST data in Short Exercise S17A-13. TST had 8,000 shares of common stock outstanding during 2016. TST declared and paid preferred dividends of $4,000 during 2016.
Show how TST reports EPS data on its 2016 income statement.
In Short Exercise S17A-13
TST Corporation's accounting records include the following items, listed in no particular order, at December 31, 2016:

The income tax rate for TST Corporation is 50%.

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Other Revenues and (Expenses) Net Sales Gain on Discontinued Operations (10,000) Extraodinary Loss 266,000 Cost of Goods Sold 16,600 79,000 65,000 34,500 Operating Expenses