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Calibri 11 AA EEE 25 Wrap Text X cut Copy - Stomat Painter U A Merge & Center $ % 9 Conditional Format Formatting Styles Clipboard Font Alignment Number M18 fi C D F F 10 11 12 13 14 15 16 17 18 19 Naxion Corporation Balance Sheet (Partial) 12/31/2018 Stockholders' Equity Paid-In Capital: Preferred Stock 5%, $50 par value, cumulative preferred, 10,000 shares authorized, 25,000 shares issued and outstanding Paid-In Capital in Excess of Par-Preferred Common Stock $1 par value, 25,000 shares authorized, 408,000 shares issued, and 407,500 shares outstanding Paid-In Capital in Excess of Par-Common 15,000,000 Total Paid In Capital Retained Earnings Treasury Stock-Common 500 shares at cost Total Stockholders' Equity (26,000) 14,974,000 $ 20 21 22 23 24 25 26 27 28 Requirement 3 Determine Naxion's earnings per share for 2018, rounded to two decimal places. For the average number of common shares outstanding, average the number of shares outstanding on January 2 and December 31. (Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instructions tab, you will be marked wrong.) Answer Formula EPS = (Net income - Preferred dividends) / Average number of common shares outstanding 29 30 31 Instructions ENTERANSWERS2 ENTERANSWERS + Enter Circular References: C17 Type here to search O