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What would be freemont earnings per share

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Problem - Freemont Corporation reported net income of $3,440,250 for its fiscal year ended December 31, 2020. During the year, dividends of $200,000 were paid to common shareholders, while dividends of $150,000 were paid to preferred shareholders. Freemont had 2,000,000 shares of common stock and 300,000 shares of preferred stock at the beginning of 2020. On February 1, 2020, a common stock dividend of 15% was declared. An additional 500,000 shares of common stock were issued on April 1, 2020. What would be Freemont's earnings per share for 2020?

Reference no: EM133028032

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