Question 2 3 pts Purple Inc. reported net income of $1,920,000 for the current year. The corporation has 400,000 shares of $1 par value common stock and no preferred stock. Calculate earnings per share. Round to 2 decimals. Question 3 5 pts Purple Inc. reported net income of $1,920,000 for the current year. The corporation has 300,000 shares of $5 par value common stock and 100,000 shares of 8%, $100 par value cumulative preferred stock (no dividends are in arrears). Calculate earnings per share. Round to 2 decimals