Question: At December 3 1 , 2 0 2 4 , Waterway Corporation had the following stock outstanding. 1 0 % cumulative preferred stock, $ 1

At December 31,2024, Waterway Corporation had the following stock outstanding.
10% cumulative preferred stock, $100 par, 108,903 shares $10,890,300
Common stock, $5 par, 4,079,240 shares ,20,396,200
During 2025, Waterway did not issue any additional common stock. The following also occurred during 2025.
Income from continuing operations before taxes $23,214,400
Discontinued operations (loss before taxes),3,311,400
Preferred dividends declared ,1,089,030
Common dividends declared ,2,372,200
Effective tax rate
35%
Compute earnings per share data as it should appear in the 2025 income statement of Waterway Corporation. (Round answers to 2
decimal places, e.g.1.48.)
Earnings Per Share
Income from ContInuing Operations
Loss from Discontinued Operations
 At December 31,2024, Waterway Corporation had the following stock outstanding. 10%

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