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What is the numerator for basic eps calculations

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For the year ended december 31, 2020, pony company earned $6,500,000 net income. Outstanding preferred shares included 1,000,000 in 3% cumulative preferred shares issued on january 1, 2017 and $2,000,000 in 5% non-cumulative preferred shares issued on january 1, 2020. Dividends were not declared in 2019 or 2018. On december 31, 2020, pony company declared $20,000 in preferred dividends.

Problem 1: What is the numerator for basic eps calculations?

Reference no: EM132973921

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