Presented below are selected data from the financial statements of Eagle's Nest Corp. for 2009 and 2008.

Required:
Calculate the earnings per share as it would be reported on the 2009 incomestatement.

2009 2008 Net income Cash dividends paid on preferred stock Cash dividends paid on common stock Weighted average number of preferred $150,000 20,000 15,000 38,000 15,000 42,000 20,000 105,000 shares outstanding 20,000 Weighted average number of common shares outstanding 95,000