Earnings Per Share

The net income reported on the income statement of Goth Co. was $3,100,000. There were 200,000 shares of $23 par common stock and 80,000 shares of $6 preferred stock outstanding throughout the current year. The income statement included two extraordinary items: a $620,000 gain from condemnation of land and a $240,000 loss arising from flood damage, both after applicable income tax. Determine the per-share figures for common stock for the below. Round your answers to the nearest cent.

a. Income before extraordinary items $ per share

b. Net income $ per share