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Business, 06.10.2019 09:00 micknero

The stockholders’ equity section of vaughn corporation appears below as of december 31, 2020. 8% preferred stock, $50 par value, authorized 107,200 shares, outstanding 97,200 shares $4,860,000 common stock, $1.00 par, authorized and issued 10,800,000 shares 10,800,000 additional paid-in capital 22,140,000 retained earnings $144,720,000 net income 35,640,000 180,360,000 $218,160,000 net income for 2020 reflects a total effective tax rate of 20%. included in the net income figure is a loss of $19,440,000 (before tax) as a result of a non-recurring major casualty. preferred stock dividends of $388,800 were declared and paid in 2020. dividends of $1,080,000 were declared and paid to common stockholders in 2020. compute earnings per share data as it should appear on the income statement of vaughn corporation. (round answers to 2 decimal places, e. g. 1.48.)

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