Response to the following questions:
1. The earnings per share impact from a restructuring charge was calculated as a loss of $0.22 per share for Gotham Company. How should this per share loss be disclosed on the income statement?
2. A recent annual report of Viacom, Inc., the parent company of CBS and MTV, disclosed the sale of Blockbuster, Inc. The estimated after-tax loss of these operations was $1.1 billion. Indicate how the loss from discontinued operations should be reported by Viacom on its income statement.