Steps on how to find the earning per share for

- income from continuing operations

-loss from dicontinued operarions

-income before extraordinary item

-extraordinary loss

-net income

ame statenent, with P15-6A The ledger of Hyperchip Corporation at November 30, 2003, contains the following sumI items including mary data: er share data. 7) AP Your analysis reveals the following additional information that is not included in the above data: 1. The entire ceramics division was discontinued on August 31. The loss from operations for this division before income tax was $150,000. The ceramics division was sold at a pre-tax gain of $60,000 2. On July 12, a transport truck crashed into one of the company's plants. This resulted in an extraordinary loss of $90,000 before income tax. 3. During the year, Hyperchip changed its amortization method from straight-line to decliningbalance. The cumulative effect of the change on prior years' net income was a decrease of $30,000 before income tax. (Assume that amortization under the new method is correctly included in the ledger data for the current year.) 4. The income tax rate on all items is 30%. Instructions (a) Prepare an income statement for the year ended November 30, 2003. (b) Prepare the earnings per share data that should appear in the income statement, assuming there were 100,000 common shares