Question - Pina Inc. presented the following data.
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Net income
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$2,610,000
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Preferred stock: 48,000 shares outstanding, $100 par, 8% cumulative, not convertible
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4,800,000
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Common stock: Shares outstanding 1/1
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769,200
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Issued for cash, 5/1
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291,600
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Acquired treasury stock for cash, 8/1
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156,000
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2-for-1 stock split, 10/1
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Compute earnings per share.