The stockholders' equity section of Tkachuk Corporation appears below as of Dec 31, 2008. 8% preferred stock, $50 par value, authorized 4,500,000 100,000 shares, outstanding 90,0000 shares 10,000,000 Common stock, $1 par authorized & issued 10 million shares 20,500,000 Additional paid-in capital 134,000,000 Retained earnings 33,000,000 167,000,000 Net Income $202,000,000 Net income for 2008 reflects a total effective tax rate of 34%. Included in the net income figure is a loss of $18,000,000 (before tax) as a result of major casualty, which should be classified as an extraordinary item. Preferred stock dividends of $360,000 were declared in 2008. Dividends of $1,000,000 were declared and paid to to common stockholders in 2008. Directions: Compute earnings per share data as it should appear on the income statement of Tkachuk Corporation