At December 31, 2016, Shiga Naoya Corporation had the following stock outstanding.
10% cumulative preferred stock, $100 par, 107,500 shares..........$10,750,000
Common stock, $5 par, 4,000,000 shares................................20,000,000
During 2017, Shiga Naoya did not issue any additional common stock. The following also occurred during 2017.
Income from continuing operations before taxes...................$23,650,000
Discontinued operations (loss before taxes)..........................$ 3,225,000
Preferred dividends declared..........................................$ 1,075,000
Common dividends declared..........................................$ 2,200,000
Effective tax rate.................................................................35%
Instructions
Compute earnings per share data as it should appear in the 2017 income statement of Shiga Naoya Corporation. (Round to two decimal places)