The net income of Foster Furniture, Inc., amounted to $1,700,000 for the current year. a. Compute the amount of earnings per share assuming that the shares of capital stock outstanding throughout the year consisted of 1. 400,000 shares of $1 par value common stock and no preferred stock. 2. 100,000 shares of 8 percent, $100 par value cumulative preferred stock and 300,000 shares of $5 par value common stock. b. Is the earnings per share figure computed in part a(2) considered to be basic or diluted? Inland Co., has a total of 82,000 shares of common stock outstanding and no preferred stock. Total stockholders' equity at the end of the current year amounts to $5 million, and the market value of the stock is $66 per share. At year-end, the company declares a 5 percent stock dividend-one share for each 20 shares held. If all parties concerned clearly recognize the nature of the stock dividend. what should you expect the market price per share of the common stock to be on the ex-dividend date? (Round your answer to 2 declmal pleces.)