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At December 31, 2016 and 2015, G Co. had 64,000 shares of common stock and...

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Accounting

At December 31, 2016 and 2015, G Co. had 64,000 shares of common stock and 4,100 shares of 4%, $100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2016 or 2015. Net income for 2016 was $570,000. For 2016, basic earnings per common share amounted to: (Round your answer to 2 decimal places.)

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