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E4-12 At December 31, 2011, Schroeder Corporation had the following stock outstanding. 8% cumulative preferred stock, $100 par, 107,500 shares Common...

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E4-12 At December 31, 2011, Schroeder Corporation had the following stock outstanding. 8% cumulative preferred stock, $100 par, 107,500 shares $10,750,000 Common stock, $5 par, 4,000,000 shares 20,000,000 During 2012, Schroeder's did not issue any additional stock. The following also occurred during 2012. Income from continuing operations before taxes $21,650,000 Discontinued operations (loss before taxes) 3,225,000 Preferred dividends declared 860,000 Common dividends declared 2,200,000 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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