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At December 31, 2019, Swifty Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 108,636 shares $10,863,600 Common stock, $5 par, 4,075,400
At December 31, 2019, Swifty Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 108,636 shares $10,863,600 Common stock, $5 par, 4,075,400 shares 20,377,000 During 2020, Swifty did not issue any additional common stock. The following also occurred during 2020. $22,767,400 Income from continuing operations before taxes $3,461,300 Discontinued operations (loss before taxes) $1,086,360 Preferred dividends declared $2,368,400 Common dividends declared Effective tax rate 35 % Compute earnings per share data as it should appear in the 2020 income statement of Swifty Corporation. Earnings Per Share +A tA
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