(Answered) Question - at december 31 2011 schroeder corporation had

Accounting

Question - At December 31, 2011, Schroeder Corporation had the following stock outstanding.

8% cumulative preferred stock, $100 par, 108,972 shares $10,897,200

Common stock, $5 par, 4,050,900 shares 20,254,500

During 2012, Schroeder's did not issue any additional stock. The following also occurred during 2012.

Income from continuing operations before taxes $27,241,900

Discontinued operations (loss before taxes) 3,371,500

Preferred dividends declared 871,776

Common dividends declared 2,365,300

Effective tax rate 35%

Compute earnings per share data as it should appear in the 2012 income statement of Schroeder Corporation.

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