E 16 - 18B ( EPS : Simple Capital Structure ) Nucorp presented the following data Net income $ 5, 800,000 Bonds : 10% , $750 000 par value 738 , 500 Preferred stock : 100,000 shares outstanding $100 par , 8 86 cumulative , not convertible 10 090 000 Common stock : Shares outstanding 1 / 1 500 000 Issued for cash . 4 / 1800.000 Issued 40% stock dividend , 10 / 1 Instructions Compute earnings per share