Preferred Stock3%, $45 par value; 2,000 shares authorized, 1,000 shares issued and outstanding

$45,000

Common Stock$5 par value; 70,000 shares authorized, 50,000 shares issued, 48,400 shares outstanding

250,000

Paid-In Capital in Excess of ParCommon

520,000

Treasury StockCommon; 1,600 shares at cost

(32,000)

Jetty

Corp. earned net income of

$146,550

and paid the minimum dividend to preferred stockholders for

2024.

Assume that there are no changes in common shares outstanding during

2024.

Jetty's

books include the following figures:

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(Click the icon to view the figures.)Read the requirements

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.

Requirement 1. Compute

Jetty's

EPS

for the year.Select the formula, then enter the amounts to calculate the company's earnings per share for

2024.

(Abbreviations used: Ave. = average, OS = outstanding, SE = stockholders' equity, shrs = shares. Enter the earnings per share to the nearest cent.)

(		-		)			=	Earnings per share
(		-		)			=