Blackboard -> XCO Remaining Time: 24 minutes, 52 seconds. Question Completion Status: Close Window Moving to another question will save this response Question 10 of 22 > Question 10 5 points Save Ans XYZ Inc had 20,000 shares of common shares outstanding. During the year, it sold another 2.400 shares on July 1 and reacquared 600 shares on November 1. The corporation camed $400,000 net income. The company also has 10,000 shares of 510 par value, 6%, cumulative preferred stock on which no dividends have been declared for the last two years. What is the basic earnings per share for the year! a $16.04 51867 $16.11 $18.95 Moving to another question will save this response Question 10 of 22 Close Window