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The stockholders' equity section of Udokah Corporation appears below as of December 31, 2017. $900,000 8% cumulative preferred stock, $10 par value, authorized 100,000 shares,
The stockholders' equity section of Udokah Corporation appears below as of December 31, 2017. $900,000 8% cumulative preferred stock, $10 par value, authorized 100,000 shares, outstanding 90,000 shares Common stock, $0.20 par, authorized and issued 10,000,000 shares Additional paid-in capital 2,000,000 4,100,000 Retained earnings $26,800,000 Net income 6,600,000 33,400,000 $48,400,000 Net income for 2017 reflects a total effective tax rate of 34%. Preferred stock dividends of $72,000 were declared and paid in 2017. Dividends of $1,000,000 were declared and paid to common stockholders' in 2017. Compute earnings per share data as it should appear on the income statement of Udokah Corporation. (Round answers to 2 decimal places, e.g. 1.48.) Earnings per share $ $ 3.26
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