Done AA education.wiley.com **WileyPLUS (new) Question 4 of 5 - /10 View Policies Current Attempt in Progress At December 31, 2019, Novak Corporation had the following stock outstanding. 10% cumulative preferred stock, $ 100 par, 108,214 shares $ 10,821,400 Common stock, $ 5 par, 4,029,700 shares 20,148,500 During 2020, Novak did not issue any additional common stock. The following also occurred during 2020. Income from continuing operations before taxes $ 22,695,800 Discontinued operations (loss before taxes) $ 3,396,000 Preferred dividends declared $ 1,082,140 Common dividends declared $ 2,098,800 Effective tax rate 35 % Compute earnings per share data as it should appear in the 2020 income statement of Novak Corporation. (Round answers to 2 decimal places, e.g. 1.48.) Earnings Per Share eTextbook and Media Attempts: 0 of 15 used Submit Answer Save for Later