Southland Industries has $50,000 of 5% (annual interest) bonds outstanding, 1,000 shares of preferred stock paying an annual dividend of $5.00 per share, and 5,000 shares of common stock outstanding. Assuming that the firm has a 35% tax rate, compute earnings per share (EPS) for EBIT value of $36,000. Calculate the EPS for EBIT value of $36,000 below: (Round to the nearest dollar except for the EPS which should be rounded to the nearest cent.) EBIT $ Less: Interest Net profits before taxes Less: Taxes (35%) Net profit after taxes Less: Preferred dividends Earnings available for common stockholders EPS (5,000 shares) $ $ $