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The stockholders equity section of Tkachuk Corporation appears below as of December 31, 2014. Net income for 2014 reflects a total effective tax rate of

The stockholders equity section of Tkachuk Corporation appears below as of December 31, 2014. image text in transcribed

Net income for 2014 reflects a total effective tax rate of 34%. Included in the net income figure is a loss of $12,908,000 (before tax) as a result of a major casualty, which should be classified as an extraordinary item. Preferred stock dividends of $362,952 were declared and paid in 2014. Dividends of $1,190,000 were declared and paid to common stockholders in 2014.

Compute earnings per share data as it should appear on the income statement of Tkachuk Corporation. (Round answers to 2 decimal places, e.g. 1.48.)

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8% preferred stock, $50 par value, authorized $4,536,900 10,570,000 20,690,000 100,738 shares, outstanding 90,738 shares Common stock, $1.00 par, authorized and issued 10.57 million shares Additional paid-in capital Retained earnings Net income $134,120,000 34,254,000 168,374,000 $204,170,900

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