Question & Answer: At December 31, 2016, Carla Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 pa…..

At December 31, 2016, Carla Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 108, 683 shares $10, 868, 300 Common stock, $5 par, 4, 020, 360 shares 20, 101, 800 During 2017, Carla did not issue any additional common stock. The following also occurred during 2017. Income from continuing operations before taxes $24, 842, 300 Discontinued operations (loss before taxes) $3, 478, 000 Preferred dividends declared $1, 086, 830 Common dividends declared $1, 995, 600 Effective tax rate 35 % Compute earnings per share data as it should appear in the 2017 Income statement of Carla Corporation. (Round answers to 2 decimal places, e.g. 1.48.)