Domanico Co., which produces and sells biking equipment, is financed as follows: Bonds payable, 10% (issued at face amount) $2,350,000 Preferred $2 stock, $20 par 2,350,000 Common stock, $25 par 2,350,000 Income tax is estimated at 40% of income. Determine the earnings per share on common stock, assuming that the income before bond interest and income tax is (a) $1,034,000, (b) $1,269,000, and (c) $1,504,000.

Effect of Financing on Earnings per Share Domanico Co., which produces and sells biking equipment, is financed as follows: Bonds payable, 10% (issued at face amount) Preferred $2 stock, $20 par Common stock, $25 par Income tax is estimated at 40% of income. $2,350,000 2,350,000 2,350,000 Determine the earnings per share on common stock, assuming that the income before bond interest and income tax is (a) $1,034,000, (b) $1,269,000, and (c) $1,504,000. Enter answers in dollars and cents, rounding to two decimal places. a. Earnings per share on common stock $ b. Earnings per share on common stock $ C. Earnings per share on common stock $