In 2014, I & T Corporation reported net income of $1.6 million, and declared and paid preferred

Question:

In 2014, I & T reported net income of $1.6 million, and declared and paid preferred share dividends of $400,000. During 2014, I & T had a weighted average of 120,000 common shares outstanding. Calculate I & T's 2 014 earnings per share. Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...