At December 31, 2019, Blue Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 108,054 shares $10,805,400 Common stock, $5 par, 4,058,240 shares 20,291,200 During 2020. Blue did not issue any additional common stock.
The following also occurred during 2020. Income from continuing operations before taxes $22,544,700 Discontinued operations (loss before taxes) $3,341,700 Preferred dividends declared $1,080,540 Common dividends declared $2,036,500 Effective tax rate 35% Compute earnings per share data as it should appear in the 2020 income statement of Blue Corporation. (Round answers to 2 decimal places, e.g. 1.48.) Earnings Per Share Discontinued Operations Income from Continuing Operations Net Income /(Loss)Get Accounting Homework Help