Question 6 of 6 View Policies Current Attempt in Progress Waterway Inc. presented the following data. Net income $2,355,540 Preferred stock: 53,000 shares outstanding, \$100 par, 8\% cumulative, not convertible 5,300,000 Common stock: Shares outstanding 1/1 692,400 Issued for cash, 5/1 321,600 Acquired treasury stock for cash, 8/1 160,800 2-for-1 stock split, 10/1 Compute earnings per share. (Round answer to 2 decimal places, e.g. 2.55.) Earnings per share Save for Later Attempts: 0 of 1 used Submit Answer Marigold Company is constructing a building. Construction began on February 1 and was completed on December 31 . Expenditures were $1,836,000 on March 1,$1,236,000 on June 1 , and $3,076,000 on December 31. Marigold Company borrowed \$1,187,000 on March 1 on a 5-year, 12\% note to help finance construction of the building. In addition, the company had outstanding all year a 10%,5-year, $2,194,000 note payable and an 11%,4-year, $3,304,000 note payable. Compute avoidable interest for Marigold Company. Use the weighted-average interest rate for interest capitalization purposes. (Round weighted-average interest rate to 4 decimal places, e.g. 0.2152 and final answer to 0 decimal places, e.g. 5,275.) Avoidable interest $