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3. Big Co. owns 57% of Little Co stock Big Co has 39267 shares of common stock outstanding, while Little Co. has 39986 shares of
3. Big Co. owns 57% of Little Co stock Big Co has 39267 shares of common stock outstanding, while Little Co. has 39986 shares of common stock outstanding. During 2022 Big reported earnings from their own operations of $33144, while Little reported earnings of $47393. Little also has 2644 shares of $100 par, 6% preferred stock outstanding. Big Co owns 36% of this preferred stock. Required: What is the income to the NC Interest? Percent ownership of common Big common shares Little Common shares Big income Little income Little preferred shares Big's % ownership of preferred 57 39267 39986 33144 47393 2644 36
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