The Esposito Import Company had I million shares of common stock outstanding during 2016. Its income statement reported the following items: income from continuing operations, $5 million; loss from discontinued operations, $1.6 million. All of these amounts are net of tax. Required: Prepare the 2016 EPS presentation for the Esposito Import Company. (Amounts to be deducted should be indicated with a minus sign. Round your answers to 2 decimal places.) Solution EPS = Earnings available / Number of shares = 5 - 1.6 / 1 = 3.4 per share of common stock Note:- This EPS will be represented by way of Notes to Accounts in the financial statements of the company to inform the shareholders about the earning capacity of company..