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Earnings per Share of Common Stock
$ 10,500,000
800,000
b.
$ 11,800,000
800,000
c.
$ 13,000,000
800,000
Earnings before bond interest and income tax
Bond interest
Balance
Income tax
Net income
Dividends on preferred stock
Earnings available for common stock
+ Number of common shares outstanding
Earnings per share on common stock