The stockholders' equity section of Hendly Corporation appears below as of December 31, 2017.
8% preferred stock, $50 par value, authorized

Net income for 2017 reflects a total effective tax rate of 34%. Included in the net income figure is a loss of $18,000,000 (before tax) as a result of a non-recurring major casualty. Preferred stock dividends of $360,000 were declared and paid in 2017. Dividends of $1,000,000 were declared and paid to common stockholders in 2017.
Instructions
Compute earnings per share data as it should appear on the income statement of Hendly Corporation.

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100,000 shares, outstanding 90,000 shares $ 4,500,000 Common stock, S1.00 par, authorized and issued 10 million shares Additional paid-in capital Retained eamings 10,000,000 20,500,000 S134,000,000 Net income 33,000,000 167,000,000 S202,000,000