Question
The stockholders' equity section of Kingbird Corporation appears below as of December 31, 2025. 8% preferred stock, $50 par value, authorized 118,000 shares, outstanding
The stockholders' equity section of Kingbird Corporation appears below as of December 31, 2025. 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 10,000,000 shares 10,000,000 Additional paid-in capital 24,600,000 Retained earnings (includes 2025 net income of $39,600,000) 200,400,000 Total stockholders' equity 240,400,000 Net income for 2025 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 2025. Dividends of $1,200,000 were declared and paid to common stockholders in 2025. 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 $
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