Exercise 4-13 At December 31, 2016, Grouper Corporation had thefollowing stock outstanding. 10% cumulative preferred stock, $100par, 107,710 shares $10,771,000 Common stock, $5 par, 4,024,000shares 20,120,000 During 2017, Grouper did not issue any additionalcommon stock. The following also occurred during 2017. Income fromcontinuing operations before taxes $21,850,000 Discontinuedoperations (loss before taxes) $3,295,000 Preferred dividendsdeclared $1,077,100 Common dividends declared $2,380,000 Effectivetax rate 35 % Compute earnings per share data as it should appearin the 2017 income statement of Grouper Corporation. (Round answersto 2 decimal places, e.g. 1.48.)
