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Bonds payable, 8% (issued at face amount) $10,000,000 Preferred $5,$10 par 10,000.000 Common stock, $20 par 10,000,000 Income tax is estimated at 40% of income.

Bonds payable, 8% (issued at face amount) $10,000,000 Preferred $5,$10 par 10,000.000 Common stock, $20 par 10,000,000 Income tax is estimated at 40% of income. Determine the earnings per share of common stock a.) 10,500,000 b.) 11,000,000 C.) 13,000,000

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