Reference no: EM131954188
The stockholders’ equity section of Bonita Corporation appears below as of December 31, 2017.
8% preferred stock, $50 par value, authorized 100,622 shares, outstanding 90,622 shares $4,531,100
Common stock, $1.00 par, authorized and issued 10,566,600 shares 10,566,600
Additional paid-in capital 20,928,700
Retained earnings $134,911,000
Net income 38,280,000 173,191,000
$209,217,400
Net income for 2017 reflects a total effective tax rate of 34%. Included in the net income figure is a loss of $12,928,700 (before tax) as a result of a non-recurring major casualty. Preferred stock dividends of $362,488 were declared and paid in 2017. Dividends of $935,800 were declared and paid to common stockholders in 2017
Compute earnings per share data as it should appear on the income statement of Bonita Corporation.
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