The following information is available for Smokey Smith Inc. for the preparation of its December 31, 2020, financial statements:

Number of common shares outstanding		270,000
Number of preferred shares outstanding		40,000
Dividends declared, common		$467,100
Dividends declared, preferred		$280,000
Income before taxes		$2,263,900
Income tax expense		$345,000
Other comprehensive income (loss)		$19,000
Retained earnings, January 1, 2020		$4,436,000
Accumulated other comprehensive income (loss), January 1, 2020		$(17,000)
Share capital, common shares, January 1, 2020		$27,000,000
Share capital, preferred shares, January 1, 2020		$660,000

Smokey Smith did not issue or buy back any shares during the year.

Prepare the statement of changes in shareholders equity for the year ended December 31, 2020. (Hint: Identify which accounts will appear and start with the opening balance of each account and then calculate the year-end balances in those accounts.) (If an amount reduces the account balance then enter with negative sign, e.g. -15,000 or in parenthesis, e.g. (15,000).)

Smokey Smith Inc. Statement of Changes in Shareholders Equity Year Ended December 31, 2020

Number of common shares

Common shares

Number of preferred shares

Preferred shares

Retained earnings

Accumulated other comprehensive income (loss)

Total

Jan. 1, 2020

$

$

$

$

$

Common cash dividend

Preferred cash dividend

Net income

Other comprehensive income

Dec. 31, 2020

$

$

$

$

$

Determine the earnings per share for Smokey Smith Inc. (Round answer to 2 decimal places, e.g. 15.25.)

Earnings per share

$