ume the following facts for the current year: Net income $200,000 Common dividends $ 20,000 Preferred dividends (The preferred stock is not convertible.) $ 10,000 Common shares outstanding on January 1 20,000 shares Common stock issued on July 1 5,000 shares 2-for-1 stock split on December 31 Required a. Compute the earnings per share for the current year. b. Earnings per share in the prior year was $8.00. Use the earnings per share computed in (a) and present a two-year