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Journalize this please. The Company had net income of $250,000 during the year. There were 580,000 common shares outstanding. There were 2,000 shares of $100

Journalize this please. The Company had net income of $250,000 during the year. There were 580,000 common shares outstanding. There were 2,000 shares of $100 par value, 9% preferred stock outstanding during the year. Determine the basic earnings per share.

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