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Question - Pina Inc. presented the following data.
Net income
$2,610,000
Preferred stock: 48,000 shares outstanding, $100 par, 8% cumulative, not convertible
4,800,000
Common stock: Shares outstanding 1/1
769,200
Issued for cash, 5/1
291,600
Acquired treasury stock for cash, 8/1
156,000
2-for-1 stock split, 10/1
Compute earnings per share.
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