Question: At the end of 2020, the records of Block Corporation reflected the following. Common stock, $5 par, authorized 500,000 shares Outstanding January 1, 2020, 400,000

At the end of 2020, the records of Block Corporation reflected the following.

Common stock, $5 par, authorized 500,000 shares
Outstanding January 1, 2020, 400,000 shares$2,000,000
Sold and issued April 1, 2020, 2,000 shares10,000
Issued 5% stock dividend, September 30, 2020; 20,100 shares100,500
Preferred stock, 6%, $10 par, nonconvertible, noncumulative, authorized 50,000 shares
Outstanding during year, 20,000 shares200,000
Paid-in capital in excess of par, common stock180,000
Paid-in capital in excess of par, preferred stock100,000
Retained earnings (after the effects of current preferred dividends declared during 2020)640,000
Bonds payable, 6.5%, nonconvertible, issued at par January 1, 20201,000,000
Net income164,000
Income tax rate, 25%

a. Compute the required EPS amount(s)

Net Income Available to
Common Stockholders
Weighted Avg. Common
Shares Outstanding
Per
Share
Basic EPS

AnswerAnswerAnswer

Net Income Available to
Common Stockholders
Weighted Avg. Common
Shares Outstanding
Per
Share
Diluted EPS

AnswerAnswerAnswer

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