Argo Corp had net income of $34,400 in 2019. Argo declared $4,000 of dividends on preferred stock and $12,000 on common stock. On Jan.1, 8,000 shares of common stock were outstanding. Argo issued an additional 2,000 shares of common stock on June 30, 2019 and again on Oct. 1. Compute basic earnings per share for 2019

Andrew owns a store in polk county. his trade extends throughout river city, but not beyond the county limits. he sells his store to betty and, as part of the transaction, agrees not to engage in the same business anywhere in river city for a period of five years. a. the time restraint is likely reasonable. b. the geographic restraint is likely reasonable. c. the agreement likely violates antitrust laws and the provision is not enforceable. d. both (a) and (b).