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Please provide step by step Exercise 4-10 The stockholders' equity section of Martinez Corporation appears below as of December 31, 2017. 8% preferred stock, $50
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Exercise 4-10 The stockholders' equity section of Martinez Corporation appears below as of December 31, 2017. 8% preferred stock, $50 par value, authorized 100,892 shares, outstanding 90,892 shares $4,544,600 Common stock, $1.00 par, authorized and issued 10,401,200 shares 10,401,200 Additional paid-in capital 20,533,000 Retained earnings $134,778,000 Net income 37,620,000 172,398,000 $207,876,800 Net income for 2017 reflects a total effective tax rate of 34%. Included in the income fi casualty. Preferred stock dividends of $363.568 were declared and paid in 2017, Dividends of $1.094.70o were declared and paid to common stockholders in 2017 is a lo q major of $13,010,500 (before tax) as result of a n Compute earnings per share data as it should appear on the income statement of Martinez Corporation. (Round answers to decimal places, e.g. 1.48.) Earnings Per Share Net Income / (Loss) Click if you would like to Show Work for this question: Open Show WorkStep by Step Solution
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