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At December 31, 2019, Sheridan Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 108,117 shares $10,811,700 Common stock, $5 par, 4,062,980
At December 31, 2019, Sheridan Corporation had the following stock outstanding.
10% cumulative preferred stock, $100 par, 108,117 shares | $10,811,700 | |
Common stock, $5 par, 4,062,980 shares | 20,314,900 |
During 2020, Sheridan did not issue any additional common stock. The following also occurred during 2020.
Income from continuing operations before taxes | $24,453,100 | ||
Discontinued operations (loss before taxes) | $3,319,800 | ||
Preferred dividends declared | $1,081,170 | ||
Common dividends declared | $2,335,000 | ||
Effective tax rate | 35 | % |
Compute earnings per share data as it should appear in the 2020 income statement of Sheridan Corporation. (Round answers to 2 decimal places, e.g. 1.48.)
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