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G O AA newconnect.mheducation.com EPS and SBC Homework Help - Q&A from Online Tutors - Course Hero EPS and SBC i Saved Help Save & Ex Che 5 On December 31, 2017, Dow Steel Corporation had 620,000 shares of common stock and 32,000 shares of 10%, noncumulative, nonconvertible preferred stock issued and outstanding. Dow issued a 5% common stock dividend on May 15 and paid cash dividends of $420,000 and $71,000 to common and preferred shareholders, respectively, on December 15, 2018. 10 points On February 28, 2018, Dow sold 64,000 common shares. In keeping with its long-term share repurchase plan, 4,000 shares were Skipped retired on July 1. Dow's net income for the year ended December 31, 2018, was $2,200,000. The income tax rate is 40%. Required: Compute Dow's earnings per share for the year ended December 31, 2018. (Do not round intermediate calculations. Enter your eBook answers in thousands.) Print References Numerator Denominator Earnings per share = 0 Mc Graw