The equity section of Sosa SA appears below as of December 31, 2022.

Net income for 2022 reflects a total effective tax rate of 20%. Included in the net income figure is a loss of R$12,000,000 (before tax) as a result of discontinued operations. Preference dividends of R$270,000 were declared and paid in 2022. Dividends of R$1,000,000 were declared and paid to ordinary shareholders in 2022.

Instructions

Compute earnings per share data as it should appear on the income statement of Sosa SA.

Transcribed Image Text:

Share capital-preference (6% preference shares, R$50 par value, authorized 100,000 shares, outstanding 90,000 shares) R$ 4,500,000 Share capital-ordinary (R$1 par, authorized and issued 10 million shares) 10,000,000 Share premium-ordinary 20,500,000 Retained earnings R$134,000,00o Net income 33,000,000 167,000,000 R$202,000,00o