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Exercise 4-10 The stockholders equity section of Shamrock Corporation appears below as of December 31, 2017. 8% preferred stock, $50 par value, authorized 100,386 shares,

Exercise 4-10 The stockholders equity section of Shamrock Corporation appears below as of December 31, 2017. 8% preferred stock, $50 par value, authorized 100,386 shares, outstanding 90,386 shares $4,519,300 Common stock, $1.00 par, authorized and issued 10,431,400 shares 10,431,400 Additional paid-in capital 20,951,500 Retained earnings $134,640,000 Net income 38,940,000 173,580,000 $209,482,200 Net income for 2017 reflects a total effective tax rate of 34%. Included in the net income figure is a loss of $13,167,400 (before tax) as a result of a non-recurring major casualty. Preferred stock dividends of $361,544 were declared and paid in 2017. Dividends of $1,039,400 were declared and paid to common stockholders in 2017. Compute earnings per share data as it should appear on the income statement of Shamrock Corporation. (Round answers to 2 decimal places, e.g. 1.48.) Earnings Per Share Net Income / (Loss) $

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