Problem 3 Yeager Corporation has outstanding at December 31, 2019, $1,000,000, cumulative, 8% preferred stock and 100,000 shares of $5 par value common stock. All shares were outstanding the entire year. During 2019, Yeager earned total revenues of $2,000,000, operating expenses (except income taxes) of $1,400,000. Yeager's income tax rate is 20%. Instructions a. Calculate net income b. Calculate Earnings per share D E F G H I C D 1 Problem 3 Compute Net Income Compute Earnings Per Share