44. Mayan Company had net income of $132,000. The weighted-average common shares outstanding were 80,000. The company declared a $27,000 dividend on its noncumulative, nonparticipating preferred stock. There were no other stock transactions. The company's earnings per share is:

• $1.31.

• $1.65.

• $0.34.

• $1.99.

• $4.89.

46. Sweet Companys outstanding stock consists of 1,000 shares of noncumulative 5% preferred stock with a $100 par value and 10,000 shares of common stock with a $10 par value. During the first three years of operation, the corporation declared and paid the following total cash dividends.

Dividends Declared & Paid

Year 1 $ 2,000

Year 2 $ 6,000

Year 3 $ 32,000

The total amount of dividends paid to preferred and common shareholders over the three-year period is:

Multiple Choice

$12,000 preferred; $28,000 common.

$5,000 preferred; $35,000 common.

$11,000 preferred; $29,000 common.

$10,000 preferred; $30,000 common.

$15,000 preferred; $25,000 common.