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At December 31, 2018 and 2017, Marigold Corp. had 185000 shares of common stock and 11600 shares of 6%, $100 par value cumulative preferred stock

At December 31, 2018 and 2017, Marigold Corp. had 185000 shares of common stock and 11600 shares of 6%, $100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2018 or 2017. Net income for 2018 was $441000. For 2018, earnings per common share amounted to (rounded to the nearest penny)

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