Company reported these figures for

20162016

and

20152015?:

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?(Click the icon to view the? figures.) Read the requirements

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.

Requirement 1. Compute

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?Company's earnings per share for

2016.

Assume the company paid the minimum preferred dividend during

2016.

Select the? formula, then enter the amounts to calculate the? company's earnings per share for

2016.

?(Abbreviations used: Ave.? = average, OS? = outstanding, SE? = stockholders'? equity, shrs? = shares. Enter earnings per share to the nearest? cent.)

(	Net income	-	Preferred dividends	)	/	Ave. # common shrs OS	=	Earnings per share
(		-		)	/		=

	2016	2015
Income Statementpartial:
Net Income	$11,300	$18,000
Balance Sheet-partial:
	Dec. 31, 2016	Dec. 31, 2015
Total Assets	$245,000	$270,000
Paid-In Capital:
Preferred Stock11%, $5 Par Value; 40,000 shares	$30,000	$30,000
authorized, 6,000 shares issued and outstanding
Common Stock$1 Par Value; 55,000 shares	20,000	20,000
authorized; 20,000 shares issued and outstanding
Paid-In Capital in Excess of ParCommon	20,000	20,000
Retained Earnings	40,000	32,000
Total Stockholders' Equity	$110,000	$102,000

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