Question: Fromaggio Inc. has ( $ 3 8 0 , 0 0 0 ) of income in 2 0 2 3 . During

Fromaggio Inc. has \(\$ 380,000\) of income in 2023. During that same time, it declared preferred dividends in the amount of \(\$ 13,000\). The following activities affecting common shares occurred during the year: January \(1\quad 140,000\) common shares were outstanding August 1 Sold 35,000 common shares September 1 Issued a 15 percent common share dividend 1. Calculate the weighted average number of common shares outstanding during the year. 2. Calculate earnings per share. 1. Calculate the weighted average number of common shares outstanding during the year. (Round final answers to the nearest whole number.)2. Calculate earnings per share. (Round to the nearest cent.) What are the earnings per share?
Fromaggio Inc. has \ ( \ $ 3 8 0 , 0 0 0 \ ) of

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