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Business, 14.10.2020 02:01 payshencec21

At December 31, 2019, Shiga Naoya Corporation had the follow-ing stock outstanding.10% cumulative preferred stock, $100 par, 107,500 shares $10,750,000Common stock, $5 par, 4,000,000 shares 20,000,000During 2020, Shiga Naoya did not issue any additional common stock. The following also occurred dur-ing 2020.Income from continuing operations before taxes $23,650,000Discontinued operations (loss before taxes) $3,225,000Preferred dividends declared $1,075,000Common dividends declared $2,200,000Effective tax rate 17%Compute earnings per share data as it should appear in the 2020 income statement of Shiga Naoya Corporation.

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