Question: At December 31, 2016 and 2015, O'Malley Corp. had 94,700 shares of common stock and 5,700 shares of 8%, $50 par value cumulative preferred

At December 31, 2016 and 2015, O'Malley Corp. had 94,700 shares of

At December 31, 2016 and 2015, O'Malley Corp. had 94,700 shares of common stock and 5,700 shares of 8%, $50 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2016 or 2015. Net income for 2016 was $201,296. For 2016, basic earnings per common share amounted to. Round your answer to 2 decimals.

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