At December 31, 2024, Sandhill Company had 310000 shares of common stock and 10700 shares of 7%, $100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2024 or 2025. On January 30, 2026, before the issuance of its financial statements for the year ended December 31, 2025, Sandhill declared a 100% stock dividen on its common stock. Net income for 2025 was $1130000. In its 2025 financial statements, Sandhill will report 2025 earnings per share of O $1.70. $3.65. O $1.81. $3.58.

At December 31,2024 . Sandhill Company had 310000 shares of common stock and 10700 shares of 7%,$100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2024 or 2025 . On January 30 2026, before the issuance of its financial statements for the year ended December 31,2025. Sandhill declared a 100\% stock divider on its common stock. Net income for 2025 was $1130000. In its 2025 financial statements, Sandhill will report 2025 earnings per share of $1.70. $3.65. $1.81. $3.58