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.

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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