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At December 31, 2016, Shamrock Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 109, 304 shares $10, 930, 400 Common stock,
At December 31, 2016, Shamrock Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 109, 304 shares $10, 930, 400 Common stock, $5 par, 4, 070, 540 shares 20, 352, 700 During 2017, Shamrock did not issue any additional common stock. The following also occurred during 2017. Income from continuing operations before taxes $23, 082, 300 Discontinued operations (loss before taxes) $3, 316, 900 Preferred dividends declared $1, 093, 040 Common dividends declared $2, 221, 700 Effective tax rate 35% Compute earnings per share data as it should appear in the 2017 income statement of Shamrock Corporation. (Round answers to 2 decimal places, e.g. 1.48.)
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