Refer to the information for Rebert Inc. below. Also, assume that the market price per share for Rebert is $51.50.
Information for Rebert Inc.
Rebert Inc. showed the following balances for last year:

*For common stock only.
Rebert's net income for last year was $3,182,000.
Required:
1. Compute the dollar amount of preferred dividends.
2. Compute the number of common shares.
3. Compute earnings per share. (Note: Round to two decimals.)
4. Compute the price-earnings ratio. (Note: Round to the nearest whole number.)

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January 1 December 31 Stockholders' equity: Preferred stock, $100 par, 8% Common stock, $3 par Additional paid -in capital* Retained earnings $ 4,000,000 3,000,000 4,800,000 A,00, $ 4,000,000 3,000,000 4,800,000 4,250,000 $16,050,000 Total stockholders' equity