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At December 31, 2022 and 2021, a company had 200,000 ordinary shares and 10,000 shares of 5%, 100 par value cumulative preference shares outstanding. Net

At December 31, 2022 and 2021, a company had 200,000 ordinary shares and 10,000 shares of 5%, 100 par value cumulative preference shares outstanding. Net income for 2022 was 400,000.

Compute basic EPS for 2022.

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