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At December 31, 2016, Pina Corporation had the following stock outstanding. 10% cumulative preferred stock, $100par,107,860shares $10,786,000Common stock, $5par,4,027,000shares 20,135,000 During 2017, Pina did not

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

10% cumulative preferred stock, $100par,107,860shares

$10,786,000Common stock, $5par,4,027,000shares

20,135,000

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

Income from continuing operations before taxes

$22,000,000

Discontinued operations (loss before taxes)

$3,425,000

Preferred dividends declared

$1,078,600

Common dividends declared

$2,470,000

Effective tax rate

35%

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

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