BSF Co., which produces and sells skiing equipment, is financed as follows:

Bonds payable, 10% (issued at face amount) $2,200,000

Preferred 1% stock, $10 par 2,200,000

Common stock, $25 par 2,200,000

Income tax is estimated at 60% of income. Round your answers to the nearest cent.

a. Determine the earnings per share of common stock, assuming that the income before bond interest and income tax is $814,000. per share

b. Determine the earnings per share of common stock, assuming that the income before bond interest and income tax is $1,034,000. per share

c. Determine the earnings per share of common stock, assuming that the income before bond interest and income tax is $1,254,000. per share