WEEK 2 HOMEWORK QUESTION #3 At December 31, 2016,MontyCorporation had the following stock outstanding. 10% cumulative preferred stock, $100par,108,010shares $10,801,000 Common stock, $5par,4,026,000shares 20,130,000 During 2017,Montydid not issue any additional common stock. The following also occurred during 2017. Income from continuing operations before taxes $22,150,000 Discontinued operations (loss before taxes) $3,345,000 Preferred dividends declared $1,080,100 Common dividends declared $2,300,000 Effective tax rate 35 % Compute earnings per share data as it should appear in the 2017 income statement ofMontyCorporation.(Round answers to 2 decimal places, e.g. 1.48.)