Reference no: EM132069677

Question - The stockholders equity section of Tkachuk Corporation appears below as of December 31, 2014. 8% preferred stock, $50 par value, authorized 100,754 shares, outstanding 90,754 shares $4,537,700 Common stock, $1.00 par, authorized and issued 10.40 million shares 10,400,000 Additional paid-in capital 20,957,000 Retained earnings $134,710,000 Net income 35,640,000 170,350,000 $206,244,700 Net income for 2014 reflects a total effective tax rate of 34%. Included in the net income figure is a loss of $12,629,000 (before tax) as a result of a major casualty, which should be classified as an extraordinary item. Preferred stock dividends of $363,016 were declared and paid in 2014. Dividends of $1,030,000 were declared and paid to common stockholders in 2014. Compute earnings per share data as it should appear on the income statement of Tkachuk Corporation.