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Marigold Corp. had 302000 shares of common stock issued and outstanding at December 31, 2017. No common stock was issued during 2018. On January 1,
Marigold Corp. had 302000 shares of common stock issued and outstanding at December 31, 2017. No common stock was issued during 2018. On January 1, 2018, Marigold issued 202000 shares of non convertible preferred stock. During 2018, Marigold declared and paid 105000 cash dividends on the common stock and 83000 on the preferred stock. Net income for the year ended December 31, 2018 was 626000. What should be Marigolds 2018 earnings per common share???( round to the nearest penny)
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