29. At December 31, 2016 and 2015, Gow Corp. had 100,000 shares of common stock and 10,000 shares of 5%, 100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2016 or 2015. Net income for 2016 was $1,000,000. For 2016, basic earnings per common share amounted to O $900 O $10.00 O $5.00 O $9.50 MacBook Air esc F3 F4 FS 4