Question: Hello, Can you help me with the attached problem? Thank you Brief Exercise 16-13 DiCenta Corporation reported net income of $270,000 in 2014 and had

Hello,

Can you help me with the attached problem?

Thank you

Brief Exercise 16-13 DiCenta Corporation reported net income of $270,000 in 2014 and had 50,000 shares of common stock outstanding throughout the year. Also outstanding all year were 5,000 shares of cumulative preferred stock, each convertible into 2 shares of common. The preferred stock pays an annual dividend of $5 per share. DiCenta's tax rate is 40%. Compute DiCenta's 2014 diluted earnings per share. (Round answer to 2 decimal places, e.g. $3.55.) $ Diluted earnings per share

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