Effect of Financing on Eamings per Share

Henriksen Co$.,$ which produces and sells biking equipment, is financed as follows:

Bonds payable, $10\%($issued at face amount$)$

Preferred $$1$ stock, $$10$ par

Common stock, $$25$ par

$$2,100,000$

$2,100,000$

$2,100,000$

Income tax is estimated at $40\%$ of income.

Determine the earnings per share of common stock, assuming that the income before bond interest and income tax is $($a$)$ $$903,000,(b)$$$1,113,000,$ and $($c$)$ $$1,323,000.$

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$.$ Earmings per share on common stock $