9 of 10 0//4.5quadvdots-= At December 31, 2022, Ivanhoe Corporation has 1,900 shares of $110 par value, 8%, preferred stock outstanding and 110,000 shares of $10 par value common stock issued. Ivanhoe's net income for the year is $245,000. Compute the earnings per share of common stock under the following independent situations. (Round answers to 2 decimal places, eg. 10.50.) (a) The dividend to preferred stockholders was declared. There has been no change in the number of shares of common stock outstanding during the year. Earnings per share of common stock $ (b) The dividend to preferred stockholders was not declared. The preferred stock is cumulative. Ivanhoe held 15,000 shares of common treasury stock throughout the year. Earnings per