#5 (20 points) At January 1, 2017 Reese Super Tune Corporation had the following stock outstan 6% $50 par cumulative preferred stock....... Common Stock $2 par value... During the 2017 year, the following results occurred: Income From Continued Operations Before Tax............. $1,675,500 Loss from Discontinued Operations Before Tax............ (375,000) Preferred Dividends Declared.. Common Dividends Declared........ Effective Tax Rate.. ........... $500,000 ....... $900,000 ................. $ .........S 30,000 10,000 40% Required: For the year ending December 31, 2017. starting with Income from Continued Operations "Before" Tax, calculate and show the appropriate earnings per share information as it should appear in the 2017 Income Statement (round to 2 decimal places). Assume that 450,000 shares of common stock were outstanding during the 2017 year