Exercise 4-17 Your answer is incorrect. Try again. The shareholders' equity section of Flint Corporation as at December 31, 2017, follows: 8% cumulative preferred shares, 100,000 shares authorized, 74,000 shares outstanding Common shares, 18 million shares authorized and issued Contributed surplus $4,650,000 18,000,000 10,600,000 33,250,000 179,000,000 $212,250,000 Rctained earnings Net income of $23 million for 2017 reflects a total effective tax rate of 21%. Included in the net income figure is a loss of $13 million (before tax) relating to the operations of a business segment that is to be discontinued. Calculate earnings per share information as it should appear in the financial statements of Flint Corporation for the year ended December 31, 2017. (Round answers to 2 decimal places, e.g. 52.75) Earnings per share Continuing Operations 3.49 Discontinued Operations 1.23 Net Income/ (Loss) 2.26