The following accounts was taken from the accounting records of ZZ, Inc. for the year ended December
Question:
The following accounts was taken from the accounting records of ZZ, Inc. for the year ended December 31, 2025 Utilities Expense ............................ $21,000 Cost of Goods Sold ........................... $43,000 Copyright .................................... $87,000 Accounts Payable ............................. $36,000 Gain on Sale of Land ......................... $15,000 Retained Earnings ............................ $37,000 Common stock, $5 par value ................... $50,000 Inventory .................................... $74,000 Wage Expense ................................. $18,000 Sales Revenue ................................ $97,000 Income Tax Expense ........................... $12,000 Preferred stock, 8%, $20 par value ........... $20,000 There were 10,000 shares of common stock and 1,000 shares of preferred stock that were outstanding during all of 2025. Calculate the earnings per share reported by XYZ Company for 2025. Enter your answer with two places after the decimal point (i.e., 3.47).