Question 7 Walla Walla Inc. reported a net income of $825,000 and a weighted average number of common shares of 275,000 for the year. It also had 50,000 $2 preferred shares Calculate basic earnings per share assuming the prere red shares are cumulative and the dividend was not paid. ( o da s rer 2 dec ma aces e15 Basic earnings per share LINK TO TEXT Calculate basic earnings per share assuming the preferred shares are noncumulative and the dividend was paid. (Round answer to 2 decimal places, e.g. 15.25.) Basic earnings per share Calculate basic earnings per share assuming the preferred shares are noncumulative and the dividend was not paid. (Round answer to 2 decimal places, e.g. 15.25.) Basic earnings per share s