Dynasty Corporation had stockholders' equity on January 1 as follows: Common Stock, $5 par value, 1,000,000 shares authorized, 400,000 shares issued; Paid-in Capital in Excess of Par Value, Common Stock, $800,000; Retained Earnings, $3,600,000.

Prepare the following formulas: Basic earnings per share (EPS) = Price Earnings ratio (PE) = Dividend yield = Define Preferred stock preferences: Cumulative dividend Noncumulative dividend Callable Convertible Nonparticipating dividend Participating dividend