20A-1. Evans Corporation and Hayes Corporation have both earned $100,000 before bond interest and taxes. The companies have the same number of outstanding shares but different capital structures. Calculate the earnings per share of common stock for both companies from the following:

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12% Bond Payable 12% Preferred stock Common stock $14 par, 29,000 shares outstanding Operating income before interest and taxes (assume a 20% tax rate) Evans Hayes 225,000 -0- -0-225,000 406,000 406,000 100,000 100,000