NuCorp presented the following data.

Net income $5,800,000

Preferred stock: 100,000 shares outstanding,

$100 par, 8% cumulative, not convertible 10,000,000

Common stock: Shares outstanding 1/1 500,000

Issued for cash, 4/1 800,000

Issued 40% stock dividend, 10/1

Compute earnings per share.

Computations of Earnings per year chart

Net income applicable to common stock:

Earnings per share