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#8 Net income for 2020 reflects a total effective tax rate of 20%. Included in the net income figure is a loss of $18,720,000 (before

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Net income for 2020 reflects a total effective tax rate of 20%. Included in the net income figure is a loss of $18,720,000 (before tax) as a result of a non-recurring major casualty. Preferred stock dividends of $374,400 were declared and paid in 2020. Dividends of $1,040,000 were declared and paid to common stockholders in 2020.image text in transcribed Compute earnings per share data as it should appear on the income statement of Sunland Corporation. (Round answers to 2 decimal places, e.g. 1.48.)

The stockholders' equity section of Sunland Corporation appears below as of December 31, 2020. 8% preferred stock, $50 par value, authorized 103,600 shares, outstanding 93,600 shares Common stock, $1.00 par, authorized and issued 10,400,000 shares Additional paid-in capital Retained earnings Net income $4,680,000 10,400,000 21,320,000 $139,360,000 34,320,000 173,680,000 $210,080,000

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