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At December 31, 2019, Skysong Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 108,966 shares $10,896,600 Common stock, $5 par, 4,044,060 shares 20,220,300 During 2020, Skysong did not issue any additional common stock. The following also occurred during 2020. Income from continuing operations before taxes $22,887,900 Discontinued operations (loss before taxes) $3,284,900 Preferred dividends declared $1,089,660 Common dividends declared $2,204,300 Effective tax rate 35 % Compute earnings per share data as it should appear in the 2020 income statement of Skysong Corporation. (Round answers to 2 decimal places, e. g. 1.48.)
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At December 31, 2019, Skysong Corporation had the following stock outstanding. 10% cumulative prefer...
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