Question: Content Area Financial statement data for this year and last year for Hanscombe Corp. are as follows: Current Year Last Year Net income $5,600,500 $4,988,000

Content Area Financial statement data for this year and last year for Hanscombe Corp. are as follows: Current Year Last Year Net income $5,600,500 $4,988,000 Preferred dividends 60,000 60,000 Average number of common shares outstanding 125,000 110,000 Earnings per share for each year were

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