Effect of Financing on Earnings per Share

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

Bonds payable, $10\%($issued at face amount$)$ $$1,050,000$

Preferred $$1$ stock, $$10$ par $1,050,000$

Common stock, $$25$ par $1,050,000$

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$)$ $$451,500,($b$)$ $$556,500,$ and $($c$)$ $$661,500.$

Enter answers in dollars and cents, rounding to two decimal places.

a$.$ Earnings per share on common stock $fill in the blank $1$

b$.$ Earnings per share on common stock $fill in the blank $2$

c$.$ Earnings per share on common stock $fill in the blank $3$