Ott Company had 210,000 shares of common stock outstanding on December 31, 2010. During the year 2011 the company issued 8,000 shares on May 1 and retired 14,000 shares on October 31. For the year 2011 Ott Company reported net income of $229,690 after a casualty loss of $40,600 (net of tax).
What earnings per share data should be reported at the bottom of its income statement, assuming that the casualty loss is extraordinary?
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