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At December 31, 2019, Whispering Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 109,362 shares $10,936,200 Common stock, $5 par, 4,092,240
At December 31, 2019, Whispering Corporation had the following stock outstanding.
10% cumulative preferred stock, $100 par, 109,362 shares | $10,936,200 | |
Common stock, $5 par, 4,092,240 shares | 20,461,200 |
During 2020, Whispering did not issue any additional common stock. The following also occurred during 2020.
Income from continuing operations before taxes | $22,753,600 | ||
Discontinued operations (loss before taxes) | $3,254,900 | ||
Preferred dividends declared | $1,093,620 | ||
Common dividends declared | $2,300,800 | ||
Effective tax rate | 35 | % |
Compute earnings per share data as it should appear in the 2020 income statement of Whispering Corporation. (Round answers to 2 decimal places, e.g. 1.48.)
Earnings Per Share | ||
---|---|---|
Net Income/ (Loss) | $enter a dollar amount | |
Discontinued Operations | enter a dollar amount | |
Income from Continuing Operations | $enter a total amount |
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