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Compute earnings per share

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Question - Pina Inc. presented the following data.

Net income

$2,610,000

Preferred stock: 48,000 shares outstanding, $100 par, 8% cumulative, not convertible

4,800,000

Common stock: Shares outstanding 1/1

769,200

Issued for cash, 5/1

291,600

Acquired treasury stock for cash, 8/1

156,000

2-for-1 stock split, 10/1

Compute earnings per share.

Reference no: EM131621408

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