Question: Accounting 2 Explain with full steps? please CHECK FIGURE: EPS = $0.60 Earlyrain Inc.'s 2020 income statement, excluding the earnings per share portion of the

Accounting 2

Explain with full steps? please

CHECK FIGURE: EPS = $0.60 Earlyrain Inc.'s 2020 income statement, excluding the earnings per share portion of the statement, was as follows: Revenues. $380,000 Expenses Depreciation $41.520 Income taxes 52.080 Other expenses 164,000 257,600 Profit from continuing operations $122.400 Loss from operating discontinued business segment (net or $18.800 tax benefit). $ 44,800 Loss on sale of business segment (net of S7,520 tax benefit). 17,600 (62.400) Profit $ 60,000 The weighted average number of common shares outstanding during the year was 100,000. Present the earnings per share portion of the 2020 income statement (round EPS calculations to two decimal places)

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