Pharoah Limited reports profit of $381,000 and its weighted average number of common shares is 185,000. Pharoah also has 18,000, $2.50 preferred shares. (a) Calculate earnings per share, if preferred shares are cumulative and the dividend was paid. (Round answer to 2 decimal places, e.g. 52.76) Earnings per share Cullumber Inc is considering one of three options: (1) paying a $0.53 cash dividend. (2) distributing a 6% stock dividend, or (3) effecting a 4-for-1 stock split. The current fair value is $14 per share. After Stock Split Help Cullumber decide what to do by completing the following chart (treat each possibility independently): Before Action After Cash Dividend After Stock Dividend $1,865,000 $ $ Total assets Total $71,000 S liabilities Common 1.240,000 shares Retained 554,000 earnings Total shareholders 1,794,000 equity Total liabilities and $1.865,000 $ S $ shareholders equity Number of common 62.000 shares