Boice Corporation and Hopkins Corporation have both earned $300,000 before bond interest and taxes. The companies have the same number of outstanding shares but different capital structures. Calculate the earnings per share of common stock for these companies from thefollowing:

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Boice Hopkins 300,000 15% Bond Payable 15% preferred stock Common stock $12 par, 50,000 shares outstanding Operating income before interest and taxes (assume a 30% tax rate) 0 300,000 600,000 600,000 300,000 300,000