Data Table - X Palace Loan Company's balance sheet at December 31, 2018 reports the following: E (Click the icon to view the information.) During 2018, Palace Loan earned net income of $6,500,000 Requirement 1. Calculate Palace Loan's earnings per common share (EPS) for 2018. (Round EPS to two decimal places.) Assume the number of shares issued and outstanding did not change during the year. S Preferred stock, $20 par value, 6%, 14,000 shares issued Common stock, 50.25 par, 1,600,000 shares issued Treasury stock, common, 40,000 shares at cost 280,000 400,000 400,000 Select the formula and then enter the amounts to calculate earnings per share (EPS). (Abbreviations used: WA = weighted average; CS = common shares. Round EPS to two decimal places, X.XX.) EPS Print Done