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The shareholders' equity section of Martinez Corporation as at December 31, 2023, follows: 10% cumulative preferred shares, 100,000 shares authorized, 89,000 shares outstanding Common
The shareholders' equity section of Martinez Corporation as at December 31, 2023, follows: 10% cumulative preferred shares, 100,000 shares authorized, 89,000 shares outstanding Common shares, 10 million shares authorized and issued Contributed surplus Retained earnings $4,199,910 10,000,000 10,100,000 24,299,910 174,000,000 $198,299,910 Net income of $27 million for 2023 reflects a total effective tax rate of 25%. Included in the net income figure is a loss of $12 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 Martinez for the year ended December 31. 2023. (Round answers to 2 decimal places, eg. 52.75.) Earnings per share Continuing Operations Discontinued Operations Net Income/(Loss)
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