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At December 31, 2019, Blossom Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 107,918 shares $10,791,800 Common stock, $5 par, 4,099,360
At December 31, 2019, Blossom Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 107,918 shares $10,791,800 Common stock, $5 par, 4,099,360 shares 20,496,800 During 2020, Blossom did not issue any additional common stock. The following also occurred during 2020. $24,065,000 Income from continuing operations before taxes Discontinued operations (loss before taxes) $3,456,200 Preferred dividends declared $1,079,180 $2,317,300 Common dividends declared Effective tax rate 35% Compute earnings per share data as it should appear in the 2020 income statement of Blossom Corporation. (Round answers to 2 decimal places, e.g. 1.48.) Earnings Per Share $ Income from Continuing Operations 3.55 Discontinued Operations 0.28 3.01 Net Income/ (Loss)
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