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The stockholders' equity section of Whispering Corporation appears below as of December 31, 2020. 8% preferred stock, $50 par value, authorized 127,000 shares, outstanding 117,000
The stockholders' equity section of Whispering Corporation appears below as of December 31, 2020. 8% preferred stock, $50 par value, authorized 127,000 shares, outstanding 117,000 shares Common stock, $1.00 par, authorized and issued 13,000,000 shares Additional paid-in capital Retained earnings Net income $5,850,000 13,000,000 26,650,000 $174,200,000 42,900,000 217,100,000 $262,600,000 Net income for 2020 reflects a total effective tax rate of 20%. Included in the net income figure is a loss of $23,400,000 (before tax) as a result of a non-recurring major casualty. Preferred stock dividends of $468,000 were declared and paid in 2020. Dividends of $1,300,000 were declared and paid to common stockholders in 2020. Compute earnings per share data as it should appear on the income statement of Whispering Corporation. (Round answers to 2 decimal places, e.g. 1.48.) Earnings Per Share Net Income /(Loss) $
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