(L.OBJ. 5) Reporting earnings per share [10—15 min] Return to the OLP data in Short Exe...

(L.OBJ. 5) Reporting earnings per share [10—15 min]

Return to the OLP data in Short Exercise 12-8. OLP had 10,000 shares of common stock outstanding during 2012. OLP declared and paid preferred dividends of $1,000 during 2012.

Requirement

1. Show how OLP reported EPS data on its 2012 income statement.