At December 31, 2017 and 2016, Thomas Corp. had 180,000 shares of common stock and 10,000 shares of 6%, $100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2017 or 2016. Net income for 2017 was $375,000. For 2017, earnings per common share amounted to $1.53. $2.08. $1.75. $1.42.