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ABC Inc. reported during 2020 the 4% Preferred Stocks, $50 par Common Stocks, $2 par Paid-in Capital in excess of par Retained Earnings Total &

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ABC Inc. reported during 2020 the 4% Preferred Stocks, $50 par Common Stocks, $2 par Paid-in Capital in excess of par Retained Earnings Total & figures: 2019 $500,000 1,000,000 800,000 400,000 $2,700,000 2020 $500,000 1,000,000 800,000 ???? ABC reported earnings before interests and taxes of $900,000. ABC reported during 2020: Interest expense $50,000, Gain on disposal of plant assets of $10,000, and Interest Revenue $20,000 ABC assumes a retention ratio of 40% ABC's average tax rate is 20%. 1. Compute ABC's EPS. 2. Compute ABC's DPS. 3. Compute the ending balance in Retained Earnings in 2020

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