Question: Copy and paste only! E4-13 (LO4) (Earnings per Share) At December 31, 2016, Shiga Naoya Corporation had the following stock outstanding, 0% cumulative preferred stock,

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E4-13 (LO4) (Earnings per Share) At December 31, 2016, Shiga Naoya Corporation had the following stock outstanding, 0% cumulative preferred stock, $100par, 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 $23,650,0o0 Discontinued operations (loss before taxes) $3,225,000 Preferred dividends declared Common dividends declared Effective tax rate $1,075,00o $2,200,0o0 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.)

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