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At December 31,2024 and 2023, Markle Company had 108,000 shares of common stock and 5,800...

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Accounting

At December 31,2024 and 2023, Markle Company had 108,000 shares of common stock and 5,800 shares of 3%, $100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2024 or 2023. Net income for 2024 was $580,000. For 2024, basic earnings per share was:
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