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At December 31, 2016, Sage Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 108,110 shares $10,811,000 Common stock, $5 par, 4,023,000
At December 31, 2016, Sage Corporation had the following stock outstanding.
10% cumulative preferred stock, $100 par, 108,110 shares | $10,811,000 | |
Common stock, $5 par, 4,023,000 shares | 20,115,000 |
During 2017, Sage did not issue any additional common stock. The following also occurred during 2017.
Income from continuing operations before taxes | $22,250,000 | ||
Discontinued operations (loss before taxes) | $3,255,000 | ||
Preferred dividends declared | $1,081,100 | ||
Common dividends declared | $2,240,000 | ||
Effective tax rate | 35 | % |
Compute earnings per share data as it should appear in the 2017 income statement of Sage Corporation. (Round answers to 2 decimal places, e.g. 1.48.)
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