rrent A C FIUC Your answer is incorrect. The stockholders' equity section of Kingbird Corporation appears below as of December 31, 2020. 8% preferred stock. $50 par value, authorized 118.000 shares, outstanding 108,000 shares Common stock. $1.00 par, authorized and issued 12,000,000 shares Additional paid-in capital Retained earnings Net income $5,400,000 12,000,000 24,600,000 $160,800,000 39,600,000 200,400.000 $242,400,000 Net income for 2020 reflects a total effective tax rate of 20%. Included in the net income figure is a loss of $21,600,000 (before tax) as a result of a nonrecurring m stock dividends of $432,000 were declared and paid in 2020. Dividends of $ 1.200.000 were declared and paid to common stockholders in 2020. Compute earnings per share data as it should appear on the income statement of Kingbird Corporation (Round answers to 2 decimal places. e. 1.48.) Earnings Per Share Net Income /(Loss) $ 202 File Explorer