The stockholders’ equity section of Hendly Corporation appears below as of December 31, 2025.

Net income for 2025 reflects a total effective tax rate of 20%. Included in the net income figure is a loss of $18,000,000 (before tax) as a result of a non-recurring major casualty. Preferred stock dividends of $360,000 were declared and paid in 2025. Dividends of $1,000,000 were declared and paid to common stockholders in 2025.

Instructions

Compute earnings per share data as it should appear on the income statement of Hendly Corporation.

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8% preferred stock, $50 par value, authorized 100,000 shares, outstanding 90,000 shares Common stock, $1.00 par, authorized and issued 10 million shares Additional paid-in capital Retained earnings (includes 2025 net income of $33,000,000) Total stockholders' equity $ 4,500,000 10,000,000 20,500,000 167,000,000 202,000,000