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At December 31, 2017, Bridgeport Corporation had the following shares outstanding: 7% cumulative preferred shares, 100,600 shares outstanding $10,060,000 Common shares, 4,170,000 shares outstanding 20,850,000
At December 31, 2017, Bridgeport Corporation had the following shares outstanding:
7% cumulative preferred shares, 100,600 shares outstanding | $10,060,000 | ||
Common shares, 4,170,000 shares outstanding | 20,850,000 |
During 2017, the corporations only share transaction was the issuance of 300,000 common shares on April 1. During 2017, the following also occurred:
Income from continuing operations before tax | $22,790,000 | ||
Discontinued operations (loss before tax) | 3,160,000 | ||
Preferred dividends declared | 704,200 | ||
Common dividends declared | 2,200,000 | ||
Effective tax rate | 40% |
Calculate earnings per share information as it should appear in the financial statements of Bridgeport Corporation for the year ended December 31, 2017. (Round per share answer to 2 decimal places, e.g. 52.75.)
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