Question:
At December 31, 2011, Schroeder Corporation had the following stock outstanding.
|
8% cumulative preferred stock, $100 par, 107,674 shares
|
$10,767,400
|
|
Common stock, $5 par, 4,090,740 shares
|
20,453,700
|
During 2012, Schroeder's did not issue any additional stock. The following also occurred during 2012.
|
Income from continuing operations before taxes
|
$25,384,600
|
|
Discontinued operations (loss before taxes)
|
3,235,800
|
|
Preferred dividends declared
|
861,392
|
|
Common dividends declared
|
2,378,200
|
|
Effective tax rate
|
35%
|
Compute earnings per share data as it should appear in the 2012 income statement of Schroeder Corporation. (Round answers to 2 decimal place, e.g. 5.25. For negative numbers use either a negative sign preceding the number, e.g. -0.45 or parenthesis, e.g. (0.45).)