Apple reported net income of 1,000,000. In 2014, Apple had 10,000 shares of $100 par 6% non-convertible, non cumulative preferred stock outstanding throughout 2014. In 2014, Apple declared and paid $50,000 preferred dividends. Common stock activity for 2014 was follows
1/1= 100,000 shares of outstanding.
4/1 = 20,000 additional shared issue.
8/1 = 2 for 1 stock split
12/1 = 12,000 additional share issued.
Tax rate 30%
Compute basic: Earn Per Share (EPS)
Also, In which financial statement would EPS presented?