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Exercise 16-17 Novak Company had 194,400 shares of common stock outstanding on December 31, 2018. During the year 2019, the company issued 8,000 shares on

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Exercise 16-17 Novak Company had 194,400 shares of common stock outstanding on December 31, 2018. During the year 2019, the company issued 8,000 shares on May 1 and retired 14,000 shares on October 31. For the year 2019, Novak Company reported net income of $230,200 after a loss from discontinued operations of $37,000 (net of tax). What earnings per Share data should be reported at the bottom of its income statement? (Round answers to 2 decimal places, e.g. $2.55.) Novak Company Income Statement

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