E4-12B(Earnings per Share) At December 31, 2011, Shulo Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 202,000 shares $20,200,000, Common stock, $1 par, 4,000,000 shares 4,000,000, During 2012, Shulo did not issue any additional common stock. The following also occurred during2012. Income from continuing operations before taxes $61,500,000, Discontinued operations (income before taxes) 6,500,000, Preferred dividends declared 2,020,000, Common dividends declared 1,800,000, Effective tax rate 40% . Instructions: Compute earnings per share data as it should appear in the 2012 income statement of Shulo Corporation. (Round to two decimal places.)