Question 16 At December 31, 2017, Coronado Company had 480,000 shares of common stock issued and outstanding, 320,000 of which had been issued and outstanding throughout the year and 160,000 of which were issued on October 1, 2017. Net Income for 2017 was $1,930,000, and dividends declared on preferred stock were $400,000 Compute Coronade's earnings per common share. (Round answer to 2 decimal places, eg. 52.75.) Earnings per share