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Business, 24.06.2020 17:01 ginger1234

At December 31, 2016, Grouper Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 108,210 shares $10,821,000
Common stock, $5 par, 4,034,000 shares 20,170,000

During 2017, Grouper did not issue any additional common stock. The following also occurred during 2017.

Income from continuing operations before taxes $22,350,000
Discontinued operations (loss before taxes) $3,245,000
Preferred dividends declared $1,082,100
Common dividends declared $2,300,000
Effective tax rate 35 %

Required:
Compute earnings per share data as it should appear in the 2017 income statement of Grouper Corporation. (Round answers to 2 decimal places, e. g. 1.48.)

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