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Hi, I need some help, please, with this exercise. 2.) At December 31, 2020,...

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Accounting

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Hi, I need some help, please, with this exercise.

2.) At December 31, 2020, XYZ Corporation had the following stock outstanding. Preferred stock, $100 par, 107,500 shares $10,750,000 Common stock, $5 par, 4,000,000 shares 20,000,000 During 2021, XYZ did not issue any additional common stock. The following also occurred during 2021. Income from continuing operations before taxes $23,650,000 Discontinued operations (loss before taxes) $ 3,225,000 Preferred dividends declared $ 1,075,000 Common dividends declared $ 2,200,000 Effective tax rate 20% Instructions Compute earnings per share data as it should appear in the 2021 income statement of XYZ (Round to two decimal places.)

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