=+EX 13-24 EPS Chapter 13 Corporations: Organization, Stock Transactions, and Dividends 607 Staples and OfficeMax are two companies competing in the retail office supply business. OfficeMax had a net income of $91,721,000 for a recent year, while Staples had a net income of $973,577,000. OfficeMax had preferred stock of $54,735,000 with a preferred dividend of 7.375% on that amount. Staples had no preferred stock. The outstanding common shares for each company were as follows:

Common Shares OfficeMax 73,142,000 Staples 720,528,000