Question 10 3 pts Bonds are reported on the liability section of the income statement. True False Question 11 3 pts Using the following information, compute earnings per share. Net Income $300,000, Common Stock Dividends $50,000, Preferred Dividends $40,000. Outstanding Shares of Common Stock 52,000 shares. Outstanding shares of Preferred Stock 40,000 shares. $5.00 $4,81 $6.50 $6,25