Current Attempt in Progress

Kingbird presented the following data:

Net income

Issued for cash, $4/1$

$800,000$

Issued $40\%$ stock dividend, $10/1$

The Common Stock has a $$1$ par value. Compute earnings per share. $($Round answer to $2$ decimal places, e$.$g$.$

$2\mathrm{.}55.)$

Earnings per share $

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