Question: Ellen Kelly Inc. had 49,000 shares of $.50 par common stock 14,000 shares of 5%, $20 par cumulative preferred stock and 24,000 shares of

Ellen Kelly Inc. had 49,000 shares of $.50 par common stock 14,000

Ellen Kelly Inc. had 49,000 shares of $.50 par common stock 14,000 shares of 5%, $20 par cumulative preferred stock and 24,000 shares of 5%, $10 par preferred stock convertible into 14,400 common shares. Net income after taxes was $53,541. No dividends were declared during the year. The numerator in the Diluted EPS would be $

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