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Lee Corporation. Had 200,000 weighted-average common shares outstanding in 2020 and 5,000 weighted-average preferred shares outstanding in 2020. Lee Corp. reported net income of $450,000 in 2020 and declared and paid $50,000 and $10,000 of common stock and preferred stock dividends, respectively. Lee Corporation. Also reported a loss from discontinued operations of $20,000, after tax.
Required:
Question 1: What variations of earnings per share (EPS) numbers are required to be reported and at what amounts?
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