The net income reported on the income statement of Goth Co. was $2,500,000. There were 100,000 shares of $10 par common stock and 40,000 shares of $4 preferred stock outstanding throughout the current year. The income statement included two extraordinary items: a $500,000 gain from condemnation of land and a $200,000 loss arising from flood damage, both after applicable income tax. Determine the per-share figures for common stock for
(a) Income before extraordinary items and
(b) Net income.