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At December 31, 2016, Tantalum Corp. had 300,000 common shares outstanding. No common shares were issued during 2017; however, on January 1, 2017, Terrier issued

"At December 31, 2016, Tantalum Corp. had 300,000 common shares outstanding. No common shares were issued during 2017; however, on January 1, 2017, Terrier issued 200,000 non-cumulative, non-convertible preferred shares. During 2017, Terrier paid cash dividends of $100,000 to the common shareholders and $80,000 to the preferred shareholders. Net income for calendar 2017 was $300,000. Basic earnings per share for 2017 would be"

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