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At December 31, 2019, Kingbird Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 109,120 shares Common stock, $5 par, 4,027,680 shares
At December 31, 2019, Kingbird Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 109,120 shares Common stock, $5 par, 4,027,680 shares $10,912,000 20,138,400 During 2020, Kingbird did not issue any additional common stock. The following also occurred during 2020. Income from continuing operations before taxes $23,756,300 Discontinued operations (loss before taxes) $3,403,600 Preferred dividends declared $1,091,200 Common dividends declared $2,047,000 Effective tax rate 35% Compute earnings per share data as it should appear in the 2020 income statement of Kingbird Corporation. (Round answers to 2 decimal places, e.g. 1.48.) Earnings Per Share Income from Continuing Operations 13229255 Discontinued Operations 3403600 Net Income /(Loss) 3.01
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