At the end of Year One, the Witkowski Company reported net income of $630,000. The company paid cash dividends of $20,000 per quarter on its preferred stock and $10,000 per quarter on its common stock. The company started the year with 80,000 shares (common stock) and 50,000 shares (preferred stock) outstanding. On April 1, the company issued an additional 16,000 shares of common stock and 8,000 shares of preferred stock. What should the company report as its basic earnings per share (rounded)?

he board of directors for the Carson Corporation declares a $1 per share cash dividend on April 1, Year One, to be paid to owners of record on April 17, Year One, with the checks being distributed on April 29, Year One. Prior to April 1, the company had issued 100,000 shares of common stock but held 10,000 treasury shares. Another 10,000 shares were repurchased on April 4, Year One. What is the decrease in retained earnings created by this dividend?

The Hamilton Corporation started the year with 120,000 shares of common stock but issued another 40,000 on October 1 of this year. There were also 20,000 shares of nonconvertible preferred stock outstanding for the entire year. During the year, net income of $500,000 was reported. Common stock was paid a total dividend of $80,000 and the preferred stock was paid a total dividend of $60,000. What was the companys basic earnings per share for this year?