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Show work Charlotte Engineering reported net income of $625,000 for the year. It declared $30,000 in preferred dividends on December 23. It began the year

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Show work Charlotte Engineering reported net income of $625,000 for the year. It declared $30,000 in preferred dividends on December 23. It began the year with 600,000 common shares outstanding. On July 1, Charlotte declared a 55% common stock dividend. Compute the basic EPS for the year

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