Question
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
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 $3,960,000 Common stock, $1.00 par, authorized and issued 8,800,000 shares 8,800,000 Additional paid-in capital 18,040,000 Retained earnings $117,920,000 Net income 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, e.g. 1.48.) Earnings Per Share Net Income / (Loss) $
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