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Cornerstone Co. Balance Sheet Accounts 12/31/18 12/31/17 $2,100 $2.100 Bonds Payable 392 400 Cash Accounts Receivable 145 128 Preferred Stock 500 500 Accounts Payable 244

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Cornerstone Co. Balance Sheet Accounts 12/31/18 12/31/17 $2,100 $2.100 Bonds Payable 392 400 Cash Accounts Receivable 145 128 Preferred Stock 500 500 Accounts Payable 244 250 3,285 Land 3.285 Common Stock 1.200 1,200 toventory 480 520 Retained Eamings 320 400 Uneaned Rent Revenue (to be oamed in 2 months) 28 40 Prepaid Insurance (3-month policy) 114 173 Taxes Payable 20 20 lit.adl Cornerstone Co. Income Statement Accounts For Year Ended 12/31/18 $60 Insurance Expense Interest Expense 32 1,500 Cost of Goods Sold Rent Revenue 25 Net Sales Revenue 2,000 Tax Expense 27 Other Information 2018 Dividends to Common Shareholders $40 $200 2018 Dividends to Preferred Shareholders 2018 Common Shares outstanding 100sh 2018 Preferred Shares outstanding 50sh 2018 Stock Price $100 All Sales on credit Note: Use the Cornerstone Co. data and the Reference Sheet to assist you in answering the question. All Sales on credit Note: Use the Cornerstone Co. data and the Reference Sheet to assist you in answering the question. What is 2018 Earnings per Share? Select one: a. $2.06 b. $1.66 c. $4.12 d. $4.06 e. $3.56

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