At December 31, 2019, Skysong Corporation had the following stock
outstanding.
10% cumulative preferred stock, $100 par, 108,966 shares | $10,896,600 | |
Common stock, $5 par, 4,044,060 shares | 20,220,300 |
During 2020, Skysong did not issue any additional common stock. The
following also occurred during 2020.
Income from continuing operations before taxes | $22,887,900 | ||
Discontinued operations (loss before taxes) | $3,284,900 | ||
Preferred dividends declared | $1,089,660 | ||
Common dividends declared | $2,204,300 | ||
Effective tax rate | 35 | % |
Compute earnings per share data as it should appear in the 2020
income statement of Skysong Corporation. (Round answers
to 2 decimal places, e.g. 1.48.)
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