At December 31, 2003, Shiga Naoya Corporation had the following stock outstanding.
10% cumulative preferred stock, $100 par, 107,500 shares $10,750,000
Common stock, $5 par, 4,000,000 shares 20,000,000
During 2004, Shiga Naoya's only stock transaction was the issuance of 400,000 shares of common on
April 1. The following also occurred during 2004.
Income from continuing operations before taxes $23,650,000
Discontinued operations (loss before taxes) $ 3,225,000
Preferred dividends declared $ 1,075,000
Common dividends declared $ 2,200,000
Effective tax rate 35%
Compute earnings per share data as it should appear in the 2004 income statement of Shiga Naoya Corporation.