Need to solve a problem earning per share

action, what would Zambrano report as total retained earnings in its December 31, 2017, balance sheet? E4-13 (LO4) (Earnings per Share) 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, 4,000,00o 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) Pleferred dividends declared Common dividends declared Effective tax rate $3,225,000 $1,075.0o0 $2,200,0oo 35% Instructions Compute earnings per share data as it should appear in the 2017 income statement of Shiga Naoya Corporation. (Round to two decimal