Question 7 Oriole Corporation has outstanding at December 31, 2020, 47,000 shares of $18 par value, cumulative, 9% preferred stock and 204,000 shares of $6 par value common stock. All shares were outstanding the entire year. During 2020, Oriole earned total revenues of $2,040,000 and incurred total expenses (except income taxes) of $1,190,000. Oriole's income tax rate is 31%. Your answer is incorrect. Try again. Calculate Oriole's 2020 net income. Net Income LINK TO TEXT x Your answer is incorrect. Try again. Caculate Oriole's 2020 preferred dividends. (Round answer to decimal places, e.o. 5,275.) Preferred dividends LINK TO TEXT Version 4.24.1 x Your answer is incorrect. Try again. Compute Oriole's 2020 earnings per share. (Round answer to 2 decimal places, e.g. 2.25.) Earnings per share Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT