The shareholders' equity section of Emerson Corporation as at December 31, 2014, follows:

Net income of$24 million for 2014 reflects a total effective tax rate of25%. Included in the net income figure is a loss of $15 million (before tax) relating to the operations of a business segment that is to be discontinued.
Instructions
Calculate earnings per share information as it should appear in the financial statements of Emerson Corporation for the year ended December 31,2014.

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8% cumulative preferred shares, 100,000 shares authorized, 80,000 shares outstanding Common shares, 10 million shares authorized and issued Contributed surplus 4,500,000 10,000,000 10,500,000 25,000,000 177,000,000 Retained earnings $202,000,000