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  3. current attempt in progress the stockholders' equi

Current Attempt in Progress The stockholders' equity section of Vaughn Corporation appears below as of...

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Accounting

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Current Attempt in Progress The stockholders' equity section of Vaughn Corporation appears below as of December 31, 2020. 8% preferred stock, $50 par value, authorized 107,200 shares, outstanding 97,200 shares $4,860,000 10,800,000 Common stock, $1.00 par, authorized and issued 10,800,000 shares Additional paid-in capital 22,140,000 Retained earnings $144,720,000 Net income 35,640,000 180,360,000 $218,160,000 Net income for 2020 reflects a total effective tax rate of 20%. Included in the net income figure is a loss of $19,440,000 (before tax) as a result of a non-recurring major casualty. Preferred stock dividends of $388,800 were declared and paid in 2020. Dividends of $1,080,000 were declared and paid to common stockholders in 2020. Compute earnings per share data as it should appear on the income statement of Vaughn Corporation. (Round answers to 2 decimal places, e.g. 1.48.) Earnings Per Share Net Income /(Loss) $

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