1 Normal 1 No Spac... Heading 1 c Replace Heading 2 Title Dictate Font Select Paragraph 5 Styles Editing Voice 5 6. 42. ABC Corporation has $5,000,000 in common stock made up of 2,500,000 common shareholders. The Corporation had a total of Net Income in 2018 of $7,500,000. What is the Earnings Per share of the corporation? a. $10 per share. B. $5 per share c. $3.00 per share d. $2.00 per share. E. None of the above. 43. Refer to problem 42, ABC Corporation. ABC's Board of Directors decided to declare and pay cash dividends of 50 cents per share. ABC will make the following Genral Journal Entries as follows: a. Dividends Dr. $1,250,000 ; Cash $1,250,000 Cr b. Retained Earnings Dr. $1,250,000; Cash $1,250,000 c. Cash Dr. $1,250,000; Dividends $1,250,000 d. All of the above e. None of the above. Focus search ORA 10 7/2