Question: Question 8 (1 point) In 2022, TempleSmith Corporation reported net income of $475,000. It declared and paid common stock dividends of $55,000 and declared

Question 8 (1 point) In 2022, TempleSmith Corporation reported net income of$475,000. It declared and paid common stock dividends of $55,000 and declared

Question 8 (1 point) In 2022, TempleSmith Corporation reported net income of $475,000. It declared and paid common stock dividends of $55,000 and declared and paid $48,000 in preferred stock dividends. The company had a weighted average of 125,000 common shares outstanding. Compute the earnings per share to the nearest cent. $2.98 $3.42 $3.36 $3.80

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