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(LO 8) E4-18 (Earnings per Share) At December 31,2017,Tres! December 31,2017, Tres Hombres Corporation had the following shares outstanding $10,750,000 20,000,000 10% cumulative preferred shares,
(LO 8) E4-18 (Earnings per Share) At December 31,2017,Tres! December 31,2017, Tres Hombres Corporation had the following shares outstanding $10,750,000 20,000,000 10% cumulative preferred shares, 107,500 shares outstanding Common shares, 4,000,000 shares outstanding During 2017, the corporation's only share transaction was the issuance of 400,000 common shares on April 1. Daring 2017, the following also occurred $23,650,000 3,225,000 1,075,000 2,200,000 30% Income from continuing operations before tax Discontinued operations (loss before tax) Preferred dividends declared Common dividends declared Effective tax rate instructions Calculate earnings per share information as it should appear in the financial statements of Tres Hombres Corporation for the year ended December 31, 2017
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