Requirement 1e. Compute the earnings per share of common stock for both companies for the Begin by selecting the formula to compute the earnings per share of common stock. Earnings per share of common stock (Net income - Preferred dividends) + Weighted average number of c Now, compute the earnings per share of common stock for both companies. (Round your answers Earnings per share of common stock Digitized Zone Network Data table Selected balance sheet and market price data at the end of the current year. Current Assets: Digitized Zone Network Cash $ 23,000 $ 15,000 Short-term Investments 42,000 18,000 Accounts Receivables, Net 36,000 43,000 Merchandise Inventory 64,000 101,000 Prepaid Expenses 18,000 15,000 $ 183,000 $ 192,000 Total Current Assets Total Assets 260,000 $ 325,000 Total Current Liabilities 102,000 99,000 Total Liabilities 102,000 134,000 Common Stock: $1 par (10,000 shares) 10,000 $1 par (14,000 shares) 14,000 Total Stockholders' Equity 158,000 191,000 Market Price per Share of Common Stock 102.60 115.00 Dividends Paid per Common Share 0.90 0.70 Selected balance sheet data at the beginning of the current year. Digitized Zone Network Balance sheet Accounts Receivables, net Merchandise Inventory 38,000 $ 53,000 81,000 88,000 t in all c otal Liabilities Common Stock: $1 par (10,000 shares) 99,000 102,000 134,000 10,000 $1 par (14,000 shares) 14,000 Total Stockholders' Equity 158,000 191,000 Market Price per Share of Common Stock 102.60 115.00 Dividends Paid per Common Share 0.90 0.70 Selected balance sheet data at the beginning of the current year: Digitized Zone Network Balance sheet: Accounts Receivables, net Merchandise Inventory Total Assets S 38,000 $ 53,000 81,000 88,000 258,000 272,000 Common Stock: $1 par (10,000 shares) 10,000 $1 par (14,000 shares) 14,000 Data table Selected income statement data for the current year: Digitized Zone Network Net Sales Revenue (all on credit) $ 416,830 $ 494,940 Cost of Goods Sold 212,000 255,000 Interest Expense 0 17,000 Net Income 54,000 70,000