Question
The stockholders equity section of Pina Corporation appears below as of December 31, 2017. 8% preferred stock, $50 par value, authorized 101,178 shares, outstanding 91,178
The stockholders equity section of Pina Corporation appears below as of December 31, 2017. 8% preferred stock, $50 par value, authorized 101,178 shares, outstanding 91,178 shares $4,558,900 Common stock, $1.00 par, authorized and issued 10,221,900 shares 10,221,900 Additional paid-in capital 20,737,400 Retained earnings $134,554,000 Net income 33,000,000 167,554,000 $203,072,200 Net income for 2017 reflects a total effective tax rate of 34%. Included in the net income figure is a loss of $11,650,600 (before tax) as a result of a non-recurring major casualty. Preferred stock dividends of $364,712 were declared and paid in 2017. Dividends of $961,000 were declared and paid to common stockholders in 2017. Compute earnings per share data as it should appear on the income statement of Pina Corporation. (Round answers to 2 decimal places, e.g. 1.48.) Earnings Per Share Net Income / (Loss) $
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