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Bonds payable, 10% (issued at face amount) $2,500,000 Preferred $2 stock, $20 par 2,500,000 Common stock, $25 par 2,500,000 Income tax is estimated at 40%

Bonds payable, 10% (issued at face amount) $2,500,000 Preferred $2 stock, $20 par 2,500,000 Common stock, $25 par 2,500,000 Income tax is estimated at 40% of income. Determine the earnings per share on common stock, assuming that the income before bond interest and income tax is (a) $1,125,000, (b) $1,375,000, and (c) $1,625,000. Enter answers in dollars and cents, rounding to two decimal places. a. Earnings per share on common stock $ b. Earnings per share on common stock $ c. Earnings per share on common stock $

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