te Pal enter = sh Requirements e, OS 1. Compute Palace's EPS (Earings Per Share) for the year. 2. Assume Palace's market price of a share of common stock is $14 per share. Compute Palace's price/earnings ratio. Print Done Data table n ar $ 40,000 275,000 Preferred Stock-5%, $40 par value; 2,000 shares authorized, 1,000 shares issued and outstanding Common Stock-$5 par value; 110,000 shares authorized, 55,000 shares issued, 53,200 shares outstanding Paid-In Capital in Excess of Par-Common Treasury Stock-Common; 1,800 shares at cost 520,000 (36,000) Print Done Palace Corp. earned net income of $95,100 and paid the minimum dividend to preferred stockholders for 2024. Assume that there are no changes in common shares outstanding during 2024. Palace's books include the following figures: (Click the icon to view the figures.) Read the requirements Requirement 1. Compute Palace's EPS for the year. Select the formula, then enter the amounts to calculate the company's earnings per share for 2024. (Abbreviations used: Ave. average, OS outstanding, SE stockholders' equity, shrs - shares Enter the earnings per share to the nearest cent) - Eamings per share