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It also need to find dilluted EPS FINANCIAL ACCOUNTING II As of January 2, 2017, The Triple J Company had (1) 12,000 shares of preferred

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FINANCIAL ACCOUNTING II As of January 2, 2017, The Triple J Company had (1) 12,000 shares of preferred stock issued, with a par value of S7, an annual dividend of $2, and 3.000 shares in the treasury, and (ii) 24,000 shares of common stock issued, with a stated value of $5 and 4,000 shares of treasury stock. On April 1, 2017, the company issued 8,000 additional shares of common stock for cash. Triple J's net income for the year ended December 31, 2017 was $278,000. It also had stock warrants issued on September 30, 2017, that could be converted into 24,000 shares of common stock, beginning in 2020. In addition, the company had stock options, outstanding since 2015, that could be exercised in 2019 for 12,000 shares. The cash that would be received from the hypothetical conversion of the stock options would permit Triple J to reacquire 8,138 shares of its own stock in the marketplace. What earnings per share did The Triple J Company report for 2017

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