Ringgold Corporation has outstanding at December 31, 2017, 46,500 shares of $20 par value, cumulative, 6% preferred stock and 203,500 shares of $6 par value common stock. All shares were outstanding the entire year. During 2017, Ringgold earned total revenues of $1,970,000 and incurred total expenses (except income taxes) of $1,200,000. Ringgolds income tax rate is 30%.

Calculate Ringgold Corporation's 2017 net income:

Calculate Ringgold Corporation's 2017 preferred dividends:

Calculate Ringgold Corporation's 2017 earning per share: