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Required: 1. Determine the por values of the corporation's preferred stock and its common stock Epic Company earned net income of $892,500 this yeat, There

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Required: 1. Determine the por values of the corporation's preferred stock and its common stock Epic Company earned net income of $892,500 this yeat, There were 370,000 weighted-average common shares outstanding, and preferred shareholders received a $23,000 cash dividend Compute Epic Company's basic earnings per share

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