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Exercise 4-13 At December 31, 2016, Culver Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 108,612 shares $10,861,200 Common stock, $5

Exercise 4-13

At December 31, 2016, Culver Corporation had the following stock outstanding.

10% cumulative preferred stock, $100 par, 108,612 shares $10,861,200
Common stock, $5 par, 4,060,980 shares 20,304,900

During 2017, Culver did not issue any additional common stock. The following also occurred during 2017.

Income from continuing operations before taxes $24,647,300
Discontinued operations (loss before taxes) $3,285,900
Preferred dividends declared $1,086,120
Common dividends declared $2,248,400
Effective tax rate 35 %

Compute earnings per share data as it should appear in the 2017 income statement of Culver Corporation. (Round answers to 2 decimal places, e.g. 1.48.)

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