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(b) Assume that Bridgeport Corp. earned net income of $3 330,000 during 2021. In addition, it had 105,000 shares of 9%, $100 par nonconvertible, noncumulative

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(b) Assume that Bridgeport Corp. earned net income of $3 330,000 during 2021. In addition, it had 105,000 shares of 9%, $100 par nonconvertible, noncumulative preferred stock outstanding for the entire year. Because of liquidity considerations, however, the company did not declare and pay a preferred dividend in 2021. Compute earnings per share for 2021, using the weighted- average number of shares determined in part (a). (Round answer to 2 decimal places es. $2.55.) Earnings Per Share eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer (b) Assume that Bridgeport Corp. earned net income of $3 330,000 during 2021. In addition, it had 105,000 shares of 9%, $100 par nonconvertible, noncumulative preferred stock outstanding for the entire year. Because of liquidity considerations, however, the company did not declare and pay a preferred dividend in 2021. Compute earnings per share for 2021, using the weighted- average number of shares determined in part (a). (Round answer to 2 decimal places es. $2.55.) Earnings Per Share eTextbook and Media Save for Later Attempts: 0 of 3 used Submit

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