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Jennings Corporation has 160,000 shares of $1 par value common stock outstanding for all of 2020. Jennings also had 30,000 shares of $50 par value,
Jennings Corporation has 160,000 shares of $1 par value common stock outstanding for all of 2020. Jennings also had 30,000 shares of $50 par value, 896, cumulative, convertible preferred stock outstanding. Each share of preferred stock converts into TWO shares of common stock. Jennings did not declare or pay any dividends in 2020. Jennings had net income for 2020 of $611,200, which included a LOSS on discontinued operations of $51,200. Please fill in the table below for Jennings' basic and diluted per share information. Please round your answers to the nearest cent. For example, 4.567 would round to 4.57 and 2.4445 would round to 2.44. Please do not enter dollar signs. Per Share Basic Diluted Income From Continuing Operations Loss from Discontinued Operations Net Income
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