Financial statement data for the year ending December 31 for the Power Company are as follows: $630,000 $25,000 130,000 shares Net income Preferred dividends Average number of common shares outstanding Compute the earnings per share for the year. a. $4.85 b. $5.04 c. $4.65 d. $5.20

Financial statement data for the year ending December 31 for the Power Company are as follows: a. $4.85 b. $5.04 c. $4.65 d. $5.20