the 2020 income statement of wasmeier corporation showed net income of $480,000 and a loss from discontinued operations of $120,000. Grouper had 100,000 shares of common stock outstanding all year. Prepare Grouper's income statement presentation of earnings per share.

Wasmeier corporation grouper's income statement presentation of earnings per share is given below.

Net income / (loss) from continued operation $480,000

Net income / (loss) from discontinued operations ($120,000)

Consolidated Net income / (Loss) $360,000

Basic EPS * 3.6

Dilutive EPS 3.6

Calculation:

EPS is calculated by dividing net profit with total outstanding common stock.

* EPS = 360,000 / 100,000 = 3.6 per share