At December $31,2020,$ Wildhorse Company has $$590,000$ of $$100$ par value, $5\%,$ cumulative preferred stock outstanding and

$$2,140,000$ of $$10$ par value common stock issued. Wildhorse's net income for the year is $$414,700.$

Compute earnings per share of common stock for $2020$ under the following independent situations. $($Round answers to $2$ decimal

places, e$.$g$.1\mathrm{.}50.)$

$($a$)$ The dividend to preferred stockholders was declared, and there has been no change in the number of shares of common

stock outstanding during the year.

$($b$)$ The dividend to preferred stockholders was not declared, and $11,500$ shares of common treasury stock were held

throughout the year. The preferred stock is cumulative.

$($a$)$ Earnings per share of common stock $

$($b$)$ Earnings per share of common stock $