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On January 1, 2021, Blossom Corp. had 474,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock
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Assume that Blossom Corp. earned net income of $3,324,000 during 2021. In addition, it had 99,000 shares of 8%, $100 par nonconvertible, noncumulative preferred stock outstanding for the entire year. Because of liquidity considerations, however, the company did not declare and pay a preferred dividend in 2021. Compute earnings per share for 2021, using the weighted-average number of shares determined in part (a).
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