Exercise 14-17 a-b At December 31, 2020, Carla Vista Corporation has 2,400 shares of $109 par value, 8%, preferred stock outstanding and 100,000 shares of $15 par value common stock issued. Carla Vista's net Income for the year is $242,000. Compute the earnings per share of common stock under the following independent situations. (Hound answers to 2 decimal places,.. 10.50.) (a) The dividend to preferred stockholders was declared. There has been na change in the number of shares of common stock outstanding during the year Earnings per share of common stock (b) The dividend to preferred stockholders was not declared. The preferred stock is cumulative. Carla Vista held 12,000 shares of common treasury stock throughout the year. Earnings per share of common stock