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The stockholders' equity section of Novak Corporation appears below as of December 31, 2020. 8% preferred stock, $50 par value, authorized 125,200 shares, outstanding 115,200
The stockholders' equity section of Novak Corporation appears below as of December 31, 2020. 8% preferred stock, $50 par value, authorized 125,200 shares, outstanding 115,200 shares Common stock, $1.00 par, authorized and issued 12,800,000 shares Additional paid-in capital Retained earnings Net income $5,760,000 12,800,000 26,240,000 $171,520,000 42,240,000 213,760,000 $258,560,000 Net income for 2020 reflects a total effective tax rate of 20%. Included in the net income figure is a loss of $23.040.000 (before tax) as a result of a non-recurring major casualty. Preferred stock dividends of $460,800 were declared and paid in 2020. Dividends of $1,280,000 were declared and paid to common stockholders in 2020. Compute earnings per share data as it should appear on the income statement of Novak Corporation. (Round answers to 2 decimal places, e.g. 1.48.) Earnings Per Share Net Income /(Loss) $
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