earnings per share the stockholders equity section of tkachuk corporation appears b 1562521

(Earnings per Share) The stockholders’ equity section of Tkachuk Corporation appears below as of December 31, 2014.

Net income for 2014 reflects a total effective tax rate of 34%. Included in the net income figure is a loss of $18,000,000 (before tax) as a result of a major casualty, which should be classified as an extraordinary item. Preferred stock dividends of $360,000 were declared and paid in 2014. Dividends of $1,000,000 were declared and paid to common stockholders in 2014.

Instructions

Compute earnings per share data as it should appear on the income statement of Tkachuk Corporation.