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Compute earnings per share

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Exercise - Carla Inc. presented the following data.

Net income $2,610,000

Preferred stock: 51,000 shares outstanding, $100 par, 7% cumulative, not convertible5,100,000

Common stock: Shares outstanding 1/1686,400

Issued for cash, 5/1312,000

Acquired treasury stock for cash, 8/1160,800 2-for-1 stock split, 10/1

Compute earnings per share.

Reference no: EM131882268

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