The shareholders' equity section of Cadmium Corporation as at December 31, 2017, follows:

8% cumulative preferred shares, 100,000 shares authorized,

80,000 shares outstanding ....................................................... $ 4,500,000

Common shares, 10 million shares authorized and issued ................... 10,000,000

Contributed surplus ............................................................... 10,500,000

....................................................................................... 25,000,000

Retained earnings ................................................................ 177,000,000

..................................................................................... $202,000,000

Net income of $24 million for 2017 reflects a total effective tax rate of 25%. Included in the net income figure is a loss of $15 million (before tax) relating to the operations of a business segment that is to be discontinued.

Instructions

Calculate earnings per share information as it should appear in the financial statements of Cadmium Corporation for the year ended December 31, 2017.