At December 31, 2019, Novak Corporation had the following stock outstanding

At December 31, 2019, Novak Corporation had the following stock outstanding.

10% cumulative preferred stock, $100 par, 108,214 shares $10,821,400

Common stock, $5 par, 4,029,700 shares 20,148,500

During 2020, Novak did not issue any additional common stock. The following also occurred during 2020.

Income from continuing operations before taxes $22,695,800

Discontinued operations (loss before taxes) $3,396,000

Preferred dividends declared $1,082,140

Common dividends declared $2,098,800

Effective tax rate 35 %

Compute earnings per share data as it should appear in the 2020 income statement of Novak Corporation. (Round answers to 2 decimal places, e.g. 1.48.)

Earnings Per Share

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Income from Continuing Operations

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Discontinued Operations

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(.56)

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Net Income / (Loss)

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