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Your answer is incorrect. Try again. The stockholders equity section of Novak Corporation appears below as of December 31, 2017. 8% preferred stock, $50par value,

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The stockholders equity section of Novak Corporation appears below as of December 31, 2017.

8% preferred stock, $50par value, authorized
101,570shares, outstanding91,570shares $4,578,500
Common stock, $1.00 par, authorized and issued10,105,000shares 10,105,000
Additional paid-in capital 20,982,000
Retained earnings $134,967,000
Net income 36,300,000 171,267,000
$206,932,500

Net income for 2017 reflects a total effective tax rate of34%. Included in the net income figure is a loss of $11,882,000(before tax) as a result of a non-recurring major casualty. Preferred stock dividends of $366,280were declared and paid in 2017. Dividends of $957,200were declared and paid to common stockholders in 2017.

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

Earnings Per Share
Net Income / (Loss)

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