Skysong Inc. presented the following data.

Net income$2,540,000Preferred stock:53,000shares outstanding,$100 par,8% cumulative, not convertible5,300,000Common stock: Shares outstanding 1/1686,400Issued for cash, 5/1308,400Acquired treasury stock for cash, 8/1160,8002-for-1 stock split, 10/1

Compute earnings per share.(Round answer to 2 decimal places, e.g. $2.55.)

Earnings per share

Help | System Announcements CALCULATOR PRINTER VERSION 1 BACK NEXT Exercise 16-18 x Your answer is incorrect. Try again. Skysong Inc. presented the following data. Net income $2,540,000 Preferred stock: 53,000 shares outstanding, $100 par, 8% cumulative, not convertible 5,300,000 Common stock: Shares outstanding 1/1 686,400 Issued for cash, 5/1 308,400 Acquired treasury stock for cash, 8/1 160,800 2-for-1 stock split, 10/1 Compute earnings per share. (Round answer to 2 decimal places, e.g. $2.55.) Earnings per share Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT Question Attempts: 1 of 3 used SAVE FOR LATER SUBMIT ANSWER search O Fi 6:22 PM 6/7/2020