#3 At December 31, 2013, Shiga Naoya Corp had the following stock outstanding.10% cumulative preferred stock, $100 par, 107,500 shares $10,750,000Common stock, $5 par, 4,000,000 shares 20,000,000During 2014, Shiga Naoya did not issue any new stock. The following also occurred during 2014.Income from continuing operations before taxes $23,650,000Discontinued operations (loss before taxes) $ 3,225,000Preferred dividends declared $ 1,075,000Common dividends declared $ 2,200,000Effective tax rate 35%InstructionsCompute EPS for Shiga Naoya for net income (after discontinued operations). Make sure to take into account tax.

#3 At December 31, 2013, Shiga Naoya Corp 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 new stock. The following also occurred during 2014 $23,650,000 Income from continuing operations before taxes $3,225,000 Discontinued operations (loss before taxes) Preferred dividends declared $1,075,000 $2,200,000 Common dividends declared Effective tax rate 35% Instructions Compute EPS for Shiga Naoya for net income (after discontinued operations). Make sure to take into account tax