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At December 31, 2016, Wildhorse Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 107,910 shares $10,791,000 Common stock, $5 par, 4,028,000
At December 31, 2016, Wildhorse Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 107,910 shares $10,791,000 Common stock, $5 par, 4,028,000 shares 20,140,000 During 2017, Wildhorse did not issue any additional common stock. The following also occurred during 2017 Income from continuing operations before taxes Discontinued operations (loss before taxes) Preferred dividends declared Common dividends declared Effective tax rate $22,050,000 $3,275,000 $1,079,100 $2,380,000 35 % Compute earnings per share data as it should appear in the 2017 income statement of Wildhorse Corporation. (Round Earnings Per Share Click if you would like to Show Work for this question: Open Show Work
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