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At December 31, 2016, Carla Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 108, 382 shares $10, 838, 200 Common stock,
At December 31, 2016, Carla Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 108, 382 shares $10, 838, 200 Common stock, $5 par, 4, 028, 120 shares 20, 140, 600 During 2017, Carla did not issue any additional common stock. The following also occurred during 2017. Income from continuing operations before taxes $23, 047, 100 Discontinued operations (loss before taxes) $3, 399, 700 Preferred dividends declared $1, 083, 820 Common dividends declared $2, 390, 900 Effective tax rate 35 % Compute earnings per share data as it should appear in the 2017 income statement of Carla Corporation. (Round answers to 2 decimal places, e.g. 1.48.)
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