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The stockholders equity section of Wildhorse Corporation appears below as of December 31, 2020. 8% preferred stock, $50 par value, authorized 112,600 shares, outstanding 102,600

The stockholders equity section of Wildhorse Corporation appears below as of December 31, 2020.

8% preferred stock, $50 par value, authorized
112,600 shares, outstanding 102,600 shares

$5,130,000

Common stock, $1.00 par, authorized and issued 11,400,000 shares

11,400,000

Additional paid-in capital

23,370,000

Retained earnings

$152,760,000

Net income

37,620,000

190,380,000

$230,280,000

Net income for 2020 reflects a total effective tax rate of 20%. Included in the net income figure is a loss of $20,520,000 (before tax) as a result of a non-recurring major casualty. Preferred stock dividends of $410,400 were declared and paid in 2020. Dividends of $1,140,000 were declared and paid to common stockholders in 2020. Compute earnings per share data as it should appear on the income statement of Wildhorse Corporation. (Round answers to 2 decimal places, e.g. 1.48.)

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