How would I solve this? Please show any work needed.

At December 31, 2017, Millwood Corporation has 2,450 shares of $103 par value, 8%, preferred stock outstanding and 100,000 shares of $15 par value common stock issued. Millwood's net income for the year is $242,500. Compute the earnings per share of common stock under the following independent stuations. (Round answers to 2 decimal places, eg. 10.sa) (a) The dividend to preferred stockholders was declared. There has been no change in the number of shares of common stock outstanding during the year preferred stockholders was not declared. The preferred stock is cumulative. Millwood held 14,000 shares of common treasury stock throughout the (a) Earnings per share of common stock (b) Earnings per share of common stocks