Question: On December 3 1 , 2 0 2 0 , Canton Company had 3 0 0 , 0 0 0 shares of common stock and

On December 31,2020, Canton Company had 300,000 shares of common stock and 10,000 shares of 8%, $100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2019 or 2020. On January 30,2021, before the issuance of its financial statements for the year ended December 31,2020, Canton declared a 100% stock dividend on its common stock. Net income for 2020 was $1,520,000. In its 2020 financial statements, Cantons 2020 earnings per common share should be which of the following?

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