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At December 31, 2016, Libby Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 107,760 shares $10,776,000 Common stock, $5 par, 4,025,000

At December 31, 2016, Libby Corporation had the following stock outstanding.

10% cumulative preferred stock, $100 par, 107,760 shares $10,776,000
Common stock, $5 par, 4,025,000 shares 20,125,000

During 2017, Martinez did not issue any additional common stock. The following also occurred during 2017.

Income from continuing operations before taxes $21,900,000
Discontinued operations (loss before taxes) $3,345,000
Preferred dividends declared $1,077,600
Common dividends declared $2,400,000
Effective tax rate 35 %

Compute earnings per share data as it should appear in the 2017 income statement of Libby Corporation.

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