expenses) of $3,600,000 and $3,300,000, respectively. Leigh Corp. reported income from continuing operations of $900,000 before tax for the year. The tax rate is 25%. a. Prepare the earnings per share section of the income statement for Leigh Corp. assuming weighted average common shares outstanding for the year were 150,000. - Note: Use a negative sign to indicate a loss. - Note: Enter the answers in dollars and cents, rounded to the nearest penny. b. Repeat the requirements of part a but now assume that the book value of the Knit Products Division is $3,200,000 on December 31 . - Note: Use a negative sign to indicate a loss. - Note: Enter the answers in dollars and cents, rounded to the nearest penny
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