Question 4 Not complete Marked out of 6.00 Flag question Computing Earnings per Share Kingery Corporation began the calendar (and fiscal) year with a simple structure consisting of 42,000 shares of common stock outstanding. On May 1, 12,000 additional shares were issued, and another 3,000 shares were issued on September 1. The company had a net income for the year of $270,000. Round answers to two decimal places. a. Compute the earnings per share of common stock. $ b. Assume that the company also had 7,000 shares of 5%, $40 par value cumulative preferred stock outstanding throughout the year. Compute the basic earnings per share of common stock. $ Check