View Policies Current Attempt in Progress The stockholders' equity section of Sarasota Corp. as of December 31, 2017 is as follows: $ 7,400,000 9% preferred stock, $ 100 par value, authorized 100,000 shares, outstanding 74,000 shares Common stock, $ 1 par, authorized and issued 7.500.000 shares Additional paid-in capital Retained earnings 7,500,000 78,280,000 459,200,000 $ 552,380,000 Net income was $ 14,320,000 in 2017. This net income figure reflects a total effective tax rate of 35%. Included in the net income figure is a $5.000.000 (before tax) loss from an earthquake centered in a city where Sarasota has a warehouse. Earthquakes are rare in that city. Preferred stock dividends of $ 666,000 were declared and paid in 2017. Sarasota Corp. declared and paid dividends of $ 3.470.000 to common stockholders in 2017. Compute earnings per share data as it should appear on the income statement of Sarasota Corporation. (Round answers to 2 decimal places, eg. 1.48.) Earnings Per Share Net Income /(Loss) $ $ Save for Later Attempts: 0 of 1 used Submit