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On January 1, 2020, EPS Company had 100,000 shares of common stock outstanding and 10,000 shares of preferred stock outstanding No shares were held in

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On January 1, 2020, EPS Company had 100,000 shares of common stock outstanding and 10,000 shares of preferred stock outstanding No shares were held in treasury at the beginning of the year. During the year, the following transactions occurred: February Acquired 30,000 shares of treasury stock October Reissued 20,000 shares of the treasury stock November 1 Issued 60,000 new shares for cash During 2020, EPS reported net income of $236,133, paid cash dividends to common shareholders of $30,000 and paid canh dividends to preferred shareholders of $10,000 1. Compute the weighted average number of shares outstanding and 2. Compute baie carning pee share for the year ended December 31, 2020. State your answer in dollars and cente. 54.50 TTT Arial # 3 (121) T

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