Question

The stockholders’ equity section of Bloom Corporation appears below as of December 31, 2017. 8% preferred...

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

8% preferred stock, $50 par value, authorized
   101,754 shares, outstanding 91,754 shares

$4,587,700

Common stock, $1.00 par, authorized and issued 10,827,200 shares

10,827,200

   Additional paid-in capital

20,748,500

   Retained earnings

$134,576,000

   Net income

33,000,000

167,576,000

$203,739,400


Net income for 2017 reflects a total effective tax rate of 34%. Included in the net income figure is a loss of $12,341,100 (before tax) as a result of a non-recurring major casualty. Preferred stock dividends of $367,016 were declared and paid in 2017. Dividends of $965,400 were declared and paid to common stockholders in 2017.

Compute earnings per share data as it should appear on the income statement of Bloom Corporation.

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