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The stockholders' equity section of Concord Corporation appears below as of December 31, 2020. 8% preferred stock, $50 par value, authorized 89,200 shares, outstanding 79,200

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The stockholders' equity section of Concord Corporation appears below as of December 31, 2020. 8% preferred stock, $50 par value, authorized 89,200 shares, outstanding 79,200 shares Common stock, $1.00 par, authorized and issued 8,800,000 shares Additional paid-in capital Retained earnings Net income $3.960,000 8,800,000 18,040,000 $117.920,000 29,040,000 146.960,000 $177.760,000 Net income for 2020 reflects a total effective tax rate of 20%. Included in the net income figure is a loss of $15,840,000 (before tax) as a result of a non-recurring major casualty. Preferred stock dividends of $316,800 were declared and paid in 2020. Dividends of $880,000 were declared and paid to common stockholders in 2020. Compute earnings per share data as it should appear on the income statement of Concord Corporation (Round answers to 2 decimal places, eg. 1.48.) Earnings Per Share Net Income /(Loss) Prepare a 2020 retained earnings statement for Novak Corporation (List items that increase adjusted retained earnings first.) NOVAK CORPORATION Retained Earnings Statement $

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