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In 2021, Tommy Co. reported net income of $765,000. It declared and paid common stock dividends of $105,000 and preferred stock dividends of $ 45,000.

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In 2021, Tommy Co. reported net income of $765,000. It declared and paid common stock dividends of $105,000 and preferred stock dividends of $ 45,000. During 2021, Tommy had a weighted average of 150,000 common shares outstanding. Compute Tommy's 2021 earnings per share. $5.1 $4.4 $4.1 $4.8 An adjusted trial balance is a required financial statement under generally accepted accounting principles shows total debits equal total credits and proves that there is no accounting errors is generally prepared as the last step in an accounting cycle. is generally prepared before the financial statements are completed

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