At December 31, 2019, Nash Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 109,280 shares Common stock, $5 par, 4,059,600 shares $10,928,000 20,298,000 During 2020, Nash did not issue any additional common stock. The following also occurred during 2020. Income from continuing operations before taxes Discontinued operations (loss before taxes) Preferred dividends declared Common dividends declared Effective tax rate $22,933,300 $3,440,800 $1,092,800 $2,115,800 35 % Earnings Per Share +A $ +A