The stockholders€™ equity section of Udokah Corporation appears below as of December 31, 2014.

Net income for 2014 reflects a total effective tax rate of 34%. Included in the net income figure is a loss of $3,600,000 (before tax) as a result of a major casualty.

Instructions
Compute earnings per share data as it should appear on the income statement of UdokahCorporation.

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8% cumulative preferred stock, $10 par value, authorized $ 900,000 2,000,000 4,100,000 100,000 shares, outstanding 90,000 shares Common stock, $0.20 par, authorized and issued 10 million shares Additional paid-in capital Retained earnings Net income $26,800,000 6,600,000 33,400,000 $40 400,000