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Monkey Corporation uses the completed-contract method. At the end of the first year of a $9002000 contract, the following information is available: Costs to
Monkey Corporation uses the completed-contract method. At the end of the first year of a $9002000 contract, the following information is available: Costs to date: Estimated costs to complete $2030000 6007000 Progress billings during the year 1821000 Cash collected during the year 1543000 In the first year, Monkey should recognize gross profit of $278000 $0 $241250 $965000 Dillion Danis Corporation reported net income of $261,360 in 2025 and had 49,000 shares of common stock outstanding throughout the year. Also outstanding all year were 5,200 shares of cumulative preferred stock, each convertible into 2 shares of common. The preferred stock pays an annual dividend of $5 per share. Dillion Danis's tax rate is 40%. Compute Dillion Danis's 2025 diluted earnings per share. (Round answer to 2 decimal places, e.g. 3.55.) Diluted earnings per share $
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