Effect of Financing on Earnings per Share Miller Co., which produces and sells skiing equipment, is financed as follows:

Bonds payable, 10% (issued at face amount) $2,250,000

Preferred $2 stock, $20 par 2,250,000

Common stock, $25 par 2,250,000

Income tax is estimated at 40% of income.

Determine the earnings per share on common stock, assuming that the income before bond interest and income tax is (a) $945,000, (b) $1,170,000, and (c) $1,395,000. Enter answers in dollars and cents, rounding to the nearest cent.

a. Earnings per share on common stock $

b. Earnings per share on common stock $

c. Earnings per share on common stock $