Question
At December 31,2019, Bonita Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 1,08,683 shares $10,868,300 Common stock, $5 par, 4,020,360 shares
At December 31,2019, Bonita Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 1,08,683 shares $10,868,300 Common stock, $5 par, 4,020,360 shares 20,101,800 During 2020, Bonita did not issue any additional Common stock. The following also occurred during 2020. income from continuing operations before taxes $24,842,300 Discontinued operations ( loss before taxes) $3,478,000 Preferred dividends declared $1,086,830 Common dividends declared $1,995,600 Effective tax rate 35% Compute earnings per share data as it should appear in the 2020 income statement of Bonita Corporation.
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