Question: Current Attempt in Progress Larkspur presented the following data. Net income $5,551,000 Bonds: 10%, $715,000 par value 703,000 Preferred stock: 108,000 shares outstanding. $100

Current Attempt in Progress Larkspur presented the following data. Net income $5,551,000 Bonds: 10%, $715,000 par value 703,000 Preferred stock: 108,000 shares outstanding. $100 par, 9% cumulative, not convertible 10,800,000 Common stock: Shares outstanding 1/1 484,000 Issued for cash, 4/1 826,000 Issued 40% stock dividend, 10/1 Compute earnings per share. (Round answer to 2 decimal places, eg. 2.55) Earnings per share $

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