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A company had the following stockholders equity information available at year end. -15,000 Common shares outstanding -25,000 preferred shares outstanding -Paid $56,000 in common stock

A company had the following stockholders equity information available at year end.

-15,000 Common shares outstanding

-25,000 preferred shares outstanding

-Paid $56,000 in common stock dividends

-Paid $45,000 in perferred stock dividends

-Reported net income of $376,457

Calculate the earnings per share for the current year

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