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The stockholders' equity section of Stellar Corporation appears below as of December 31, 2017 8% preferred stock. $50 par value, authorized 101.350 shares, outstanding 91.350
The stockholders' equity section of Stellar Corporation appears below as of December 31, 2017 8% preferred stock. $50 par value, authorized 101.350 shares, outstanding 91.350 shares $4,567,500 Common stock, $1.00 par, authorized and issued 10,857,400 shares 10,857,400 Additional paid-in capital 20,876,000 Retained earnings $134,806,000 Net income 35,640,000 170,446,000 $206,746,900 Net income for 2017 reflects a total effective tax rate of 34%. Included in the net income figure is a loss of $12,045,200 (before tax) as a result of a non-recurring major casualty. Preferred stock dividends of $365,400 were declared and paid in 2017. Dividends of $1,009,100 were declared and paid to common stockholders in 2017. Compute earnings per share data as it should appear on the income statement of Stellar Corporation. (Round answers to 2 decimal places, eg. 1.48.) Earnings Per Share Net Income /(Loss) TA $
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