Exercise 16-18 Indigo Inc. presented the following data. Net income$2,410,000 Preferred stock: 52,000 shares outstanding, $100 par, 8% cumulative, not convertible5,200,000 Common stock: Shares outstanding 1/1729,600 Issued for cash, 5/1296,400 Acquired treasury stock for cash, 8/1152,400 2-for-1 stock split, 10/1 Compute earnings per share.

At december 31, 2016, pina corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 107,810 shares $10,781,000 common stock, $5 par, 4,026,000 shares 20,130,000 during 2017, pina did not issue any additional common stock. the following also occurred during 2017. income from continuing operations before taxes $21,950,000 discontinued operations (loss before taxes) $3,505,000 preferred dividends declared $1,078,100 common dividends declared $2,300,000 effective tax rate 35 % compute earnings per share data as it should appear in the 2017 income statement of pina corporation