Question
The stockholders equity section of Marin Corporation appears below as of December 31, 2017. 8% preferred stock, $50 par value, authorized 101,204 shares, outstanding 91,204
The stockholders equity section of Marin Corporation appears below as of December 31, 2017. 8% preferred stock, $50 par value, authorized 101,204 shares, outstanding 91,204 shares $4,560,200 Common stock, $1.00 par, authorized and issued 10,272,800 shares 10,272,800 Additional paid-in capital 20,997,900 Retained earnings $134,250,000 Net income 38,280,000 172,530,000 $208,360,900 Net income for 2017 reflects a total effective tax rate of 34%. Included in the net income figure is a loss of $12,440,700 (before tax) as a result of a non-recurring major casualty. Preferred stock dividends of $364,816 were declared and paid in 2017. Dividends of $1,037,000 were declared and paid to common stockholders in 2017. Compute earnings per share data as it should appear on the income statement of Marin Corporation. (Round answers to 2 decimal places, e.g. 1.48.) Earnings Per Share Net Income / (Loss) $
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