Question: On January 1 , 2 0 2 0 , Samuel Company had 2 1 , 0 0 0 shares of common stock outstanding and issued

On January 1,2020, Samuel Company had 21,000 shares of common stock outstanding and issued an additional 4,500 shares on May 1. The company declared and paid a cash dividend of $45,000 and earned $375,000 net income. What was the basic earnings per share for the year?

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