Question: Your answer is incorrect. Try again. Pina Inc. presented the following data. Net income $2,610,000 Preferred stock: 48,000 shares outstanding, $100 par, 8% cumulative, not

Your answer is incorrect. Try again. Pina Inc. presented the following data. Net income $2,610,000 Preferred stock: 48,000 shares outstanding, $100 par, 8% cumulative, not convertible 4,800,000 Common stock: Shares outstanding 1/1 769,200 Issued for cash, 5/1 291,600 Acquired treasury stock for cash, 8/1 156,000 2-for-1 stock split, 10/1 Compute earnings per share. (Round answer to 2 decimal places, e.g. $2.55.) Earnings per share $

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