I cannot figure out the two boxes in red, can anyone help? I thought that dividi

Question

I cannot figure out the two boxes in red, can anyone help? I thought that dividing the income from operations after tax by the shares of stock would be correct, but it’s saying otherwise. Thank you! The following information is related to Windsor Company for 2017. Retained earnings balance, January 1, 2017 Sales Revenue Cost of goods sold Interest revenue Selling and administrative expenses Write-off of goodwill Income taxes for 2017 Gain on the sale of investments Loss due to flood damage Loss on the disposition of the wholesale division (net of tax) Loss on operations of the wholesale division (net of tax) Dividends declared on common stock Dividends declared on preferred stock $982,820 26,211,300 16,244,400 73,900 4,739,200 840,100 1,382,100 111,100 392,600 445,600 96,080 262,300 84,100 Windsor Company decided to discontinue its entire wholesale operations (considered a discontinued operation) and to retain its manufacturing operations. On September 15, Windsor sold the wholesale operations to Rogers Company. During 2017, there were 522.400 shares of common stock outstandina all vear.

Explanation / Answer

Income from continuing operations (2797900-84100)/522400 5.19 Net Income (2256220-84100)/522400 4.16

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