6) On January 1 2017 Lemon industries had shares outstanding as follows; 6$ cumulative preferred, no-par value issued and outantding 10,000 $1,000,000 Common no-par value, issued and $2,150,000 outstanding 215,000 At the beginning of the year, to acquire the net assets of 3 smaller companies, Lemon authorized the issuance of an additional 160,000 common shares, as follows: Date of acquisition Cie A January 1 2017 Cie B May 1, 2017 Cie C September 1, 2017 shares issued 50,000 80,000 30,000 1) On December 31, Lemon recorded a net income of $ 300,000. Compute the earnings-per-share data that should appear on the financial statements. 2) Compute the earnings-per-share if the preferred shares had been non-cumulative.