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The stockholders equity section of Kingbird Corporation appears below as of December 31, 2020. 8% preferred stock, $50 par value, authorized 118,000 shares, outstanding 108,000

The stockholders equity section of Kingbird Corporation appears below as of December 31, 2020.

8% preferred stock, $50 par value, authorized
118,000 shares, outstanding 108,000 shares

$5,400,000

Common stock, $1.00 par, authorized and issued 12,000,000 shares

12,000,000

Additional paid-in capital

24,600,000

Retained earnings

$160,800,000

Net income

39,600,000

200,400,000

$242,400,000

Net income for 2020 reflects a total effective tax rate of 20%. Included in the net income figure is a loss of $21,600,000 (before tax) as a result of a non-recurring major casualty. Preferred stock dividends of $432,000 were declared and paid in 2020. Dividends of $1,200,000 were declared and paid to common stockholders in 2020. Compute earnings per share data as it should appear on the income statement of Kingbird Corporation. (Round answers to 2 decimal places, e.g. 1.48.)

Earnings Per Share

Net Income / (Loss)

$

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