At December 31, 2019, Bonita Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 108,683 shares $10,868,300 Common stock, $5 par. 4,020,360 shares 20,101,800 During 2020, Bonita did not issue any additional common stock. The following also occurred during 2020.
Income from continuing operations before taxes $24,842,300
Discontinued operations (loss before taxes) $3,478,000
Preferred dividends declared $1,086,830
Common dividends declared $1,995,600
Effective tax rate 35%
Compute earnings per share data as it should appear in the 2020 income statement of Bonita Corporation.
Earnings Per Share
Income from Continuing Operations
Discontinued Operations
Net Income /(Loss)