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Cricket Inc. had 400,000 shares of common stock outstanding on January 1, 2011 and issued 100,000 additional shares on July 1, 2011. There were $600,000
Cricket Inc. had 400,000 shares of common stock outstanding on January 1, 2011 and issued 100,000 additional shares on July 1, 2011. There were $600,000 of preferred stock dividends declared and paid during the year. If net income for the year ended December 31, 2011 was $2,724,000, the earnings per share were:
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