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please post detailed work! Thank you! Exercise 14-14 a1-a3 Sandhill car cratian has outstanding at December 3 2020, 46,50 shares of $22 par valus cumulative,
please post detailed work! Thank you!
Exercise 14-14 a1-a3 Sandhill car cratian has outstanding at December 3 2020, 46,50 shares of $22 par valus cumulative, 7% pra erred stock and 201,500 shares of $5 par value comman stock. All shares were outstanding the entire year. During 2020 Sandhill earned to al revenues of $2,020,000 and incurred total expenses (except income taxes) of $1,140,000. Sandhill's income tax rate is 32%. Calculate Sandhill's 2020 net income Net Income Caculate Sandhill's 2020 proferred dividends. (Round answer to O decimal places, e.g. 5,275.) Preferred dividends Compute Sandhills 2020 earnings per share. (Round answer to 2 decimal places, e.g. 2.25) Earnings per share click if you would like to show Work for this question: Opan Show WorkStep by Step Solution
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