Question: Assuming the preferred share dividends are one year in arrears, calculate the earnings per share it no preferred dividends are declared during the year. (Round

Assuming the preferred share dividends are one year in arrears, calculate the earnings per share it no preferred dividends are declared during the

year. (Round answer to 2 decimal places, es, 52.75) Earnings per share

1.08 The shareholders' equity accounts of Sandhill Ltd. on April 1, 2020,

Assuming the preferred share dividends are one year in arrears, calculate the earnings per share it no preferred dividends are declared during the year. (Round answer to 2 decimal places, es, 52.75) Earnings per share 1.08 The shareholders' equity accounts of Sandhill Ltd. on April 1, 2020, the beginning of the fiscal year, are as follows: $7 cumulative preferred shares (21,000 issued) $1,680,000 Common shares (540,000 issued) 4,320,000 Retained earnings 1,600,000 Total shareholders' equity $7,600,000 During the year, the following transactions occurred: 2020 June 1 July 1 Sept. 30 2021 Jan. 31 Mar. 31 Reacquired 12,000 common shares for $9 per share. Issued 51.000 common shares for $10 per share. Reacquired 7,000 common shares for $9.50 per share. Issued 60,000 common shares in exchange for land. The land's fair value was $600,000 Profit for the year ended March 31, 2021, was $917,000

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