Question
The stockholders equity section of Ayayai Corporation appears below as of December 31, 2017. 8% preferred stock, $50 par value, authorized 101,566 shares, outstanding 91,566
The stockholders equity section of Ayayai Corporation appears below as of December 31, 2017. 8% preferred stock, $50 par value, authorized 101,566 shares, outstanding 91,566 shares $4,578,300 Common stock, $1.00 par, authorized and issued 10,284,300 shares 10,284,300 Additional paid-in capital 20,543,100 Retained earnings $134,456,000 Net income 34,980,000 169,436,000 $204,841,700 Net income for 2017 reflects a total effective tax rate of 34%. Included in the net income figure is a loss of $13,057,200 (before tax) as a result of a non-recurring major casualty. Preferred stock dividends of $366,264 were declared and paid in 2017. Dividends of $929,100 were declared and paid to common stockholders in 2017.
Compute earnings per share data as it should appear on the income statement of Ayayai Corporation.
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