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) $2,000,000

Preferred $1 stock, $10 par 2,000,000

Common stock, $25 par 2,000,000

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) $820,000, (b) $1,020,000, and (c) $1,220,000. 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 $