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Marigold Corp. purchased Cullumber Company and agreed to give stockholders of Cullumber Company 49300 additional shares in 2023 if Cullumber Company's net income in 2022

image text in transcribed Marigold Corp. purchased Cullumber Company and agreed to give stockholders of Cullumber Company 49300 additional shares in 2023 if Cullumber Company's net income in 2022 is $604000 or more; in 2021 Cullumber Company's net income is $617000. Marigold has net income for 2021 of $1496000 and has an average number of common shares outstanding for 2021 of 501000 shares. What should Marigold report as earnings per share for 2021

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