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4) Sanders Company had the following data for the year ending December 31, 2014 Cash Depreciation expense Prepaid rent Cost of goods sold Sales Dividends

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4) Sanders Company had the following data for the year ending December 31, 2014 Cash Depreciation expense Prepaid rent Cost of goods sold Sales Dividends paid Rent expense Wage expense $6,000 40,000 1,400 69,000 200,000 3,000 3,600 81,000 What is the net income for the year ending December 31, 2014? A) $400 B) $3,400 C) $6,000 D) $6,400 5) What is earnings per share? A) net income divided by weighted average number of preferred shares outstanding B) net income divided by weighted average number of common shares outstanding C) net income plus the weighted average number of common and preferred shares outstanding D) net income plus the weighted average number of bonds outstanding

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