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Compute blossom earnings per share

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Problem 1: In 2020, Blossom Company reported net income of $570000. It declared and paid preferred stock dividends of $138000 and common stock dividends of $60000. During 2020, Blossom had a weighted average of 300000 common shares outstanding. Compute Blossom's 2020 earnings per share.

Option 1: $1.24

Option 2: $1.44

Option 3: $1.90

Option 4: $2.36

Reference no: EM132612578

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