Exercise 4-13 Your answer is partially correct. Try again At December 31, 2016, Vaughn Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 107,810 shares $10,781,000 Common stock, $5 par, 4,026,000 shares 20,130,000 During 2017, Vaughn did not issue any additional common stock. The following also occurred during 2017. Income from continuing operations before taxes $21,950,000 $3,505,000 $1,078,100 $2,300,000 Discontinued operations (loss before taxes) Preferred dividends declared Common dividends declared Effective tax rate 35% Compute earnings per share data as it should appear in the 2017 income statement of Vaughn Corporation. (Round answers to 2 decimal Earnings Per Share Income from Continuing Operations 14267 11989 Discontinued Operations 10911 Net Income / (Loss)