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At December 31, 2016, Teal Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 107,612 shares $10,761,200 Common stock, $5 par, 4,070,700
At December 31, 2016, Teal Corporation had the following stock outstanding.
10% cumulative preferred stock, $100 par, 107,612 shares | $10,761,200 | |
Common stock, $5 par, 4,070,700 shares | 20,353,500 |
During 2017, Teal did not issue any additional common stock. The following also occurred during 2017.
Income from continuing operations before taxes | $22,052,200 | ||
Discontinued operations (loss before taxes) | $3,517,800 | ||
Preferred dividends declared | $1,076,120 | ||
Common dividends declared | $2,011,400 | ||
Effective tax rate | 35 | % |
Compute earnings per share data as it should appear in the 2017 income statement of Teal Corporation. (Round answers to 2 decimal places, e.g. 1.48.)
Income from Continuing Operations
Discontinued Opeartions
Net Income / (Loss)
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