Earnings per Share, Price-Earnings Ratio Rebert Inc. showed the following balances for last year: January 1 December 31 Stockholders' equity: Preferred stock, $100 par, 8% $ 4,000,000 $ 4,000,000 Common stock, $3 par 3,000,000 3,000,000 Additional paid-in capital* 4,800,000 4,800,000 Retained earnings 4,000,000 4,250,000 Total stockholders' equity $15,800,000 $16,050,000 * For common stock only. Rebert's net income for last year was $3,182,000.

Also, assume that the market price per share for Rebert is $51.50. Required:

1. Compute the dollar amount of preferred dividends. $

2. Compute the number of common shares. shares

3. Compute earnings per share. Round to two decimal places. $ per share

4. Compute the price-earnings ratio. Round to the nearest whole number.