(Earnings per Share) At December 31, 2003, 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 2004, Shiga Naoya’s only stock transaction was the issuance of 400,000 shares of common on April 1. The following also occurred during 2004.
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 2004 income statement of Shiga Naoya Corporation.