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Southland Industries has $60,000 at 16% (annual interest) bonds outstanding, 1,500 shares of preferred stock paying an annual dividend of $5 per share, and 4,000 shares of common stock outstanding. Assuming that the firm has a 40% tax rate, compare Earnings per share (EPS) for the following levels of EBIT:
a) $24,600
b) $30,600
c) $35,000
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create normal costing journal entries for each of the subsequent events. you will also need the subsequent information
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