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What amount should be reported as basic earnings per share

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Reference no: EM133156170

Question - RCA Coy showed the following info for 2021

Income for continuing opns 3,765,000

Loss from continued opns (540,000)

Net income 3,225,000

Retained earnings - Jan 1 1,000,000

Dividends paid on 12% preference share ( 120,000)

Dividends paid on ordinary share (700,000)

Retained earnings - December 31 3,405,000

Dec 31, 2021 the entity has outstanding 140,000 ordinary share and 10,000 preference shares with 100 par value.

What amount should be reported as basic earnings per share?

Reference no: EM133156170

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