The shareholders equity section of Bridgeport Corporation as at December 31, 2017, follows 6 cumulative preferred shares, 100,000 shares authorized, 85,000 shares outstanding $4,540,000 Common shares, 18 million shares authorized and issued 18,000,000 Contributed surplus 10,000,000 32,540,000 Retai...

Loss from discontinued operations before tax 16000000 Less Income tax 1600000020 3200000 L ...

The shareholders equity section of Bridgeport Corporation as at December 31, 2017, follows: 6% cumulative preferred shares,

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Question:

The shareholders’ equity section of Bridgeport Corporation as at December 31, 2017, follows:

6% cumulative preferred shares, 100,000 shares authorized, 85,000 shares outstanding		$4,540,000
Common shares, 18 million shares authorized and issued		18,000,000
Contributed surplus		10,000,000
		32,540,000
Retained earnings		173,000,000
		$205,540,000

Net income of $26 million for 2017 reflects a total effective tax rate of 20%. Included in the net income figure is a loss of $16 million (before tax) relating to the operations of a business segment that is to be discontinued.

Calculate earnings per share information as it should appear in the financial statements of Bridgeport Corporation for the year ended December 31, 2017.