At December 31, 2013, Shiga Naoya Corporation had the following stock outstanding.
10% cumulative preferred stock, $100 par, 107,500 shares ...............$10,750,000
Common stock, $5 par, 4,000,000 shares ......................................20,000,000
During 2014, Shiga Naoya did not issue any additional common stock. The following also occurred during 2014.
Income from continuing operations before taxes ...........................$23,650,000
Discontinued operations (loss before taxes) ...................................$3,225,000
Preferred dividends declared ...................................................$1,075,000
Common dividends declared ...................................................$2,200,000
Effective tax rate .........................................................................35%
Instructions
Compute earnings per share data as it should appear in the 2014 income statement of Shiga Naoya Corporation. (Round to two decimal places.)