The stockholders equity section of Tkachuk Corporation appears below as of December 31, 2014. ...
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Accounting
The stockholders equity section of Tkachuk Corporation appears below as of December 31, 2014.
8% preferred stock, $50 par value, authorized
102,060 shares, outstanding 92,060 shares
$4,603,000
Common stock, $1.00 par, authorized and issued 10.64 million shares
10,640,000
Additional paid-in capital
20,783,000
Retained earnings
$134,500,000
Net income
39,204,000
173,704,000
$209,730,000
Net income for 2014 reflects a total effective tax rate of 34%. Included in the net income figure is a loss of $12,662,000 (before tax) as a result of a major casualty, which should be classified as an extraordinary item. Preferred stock dividends of $368,240 were declared and paid in 2014. Dividends of $1,410,000 were declared and paid to common stockholders in 2014.
Compute earnings per share data as it should appear on the income statement of Tkachuk Corporation. (Round answers to 2 decimal places
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