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Current Attempt in Progress At January 1, 2020, Marigold Company's outstanding shares included the following-...

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Accounting

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Current Attempt in Progress At January 1, 2020, Marigold Company's outstanding shares included the following- 307,000 shares of $50 par value, 7% cumulative preferred stock 909,000 shares of $1 par value common stock Net income for 2020 was $2.543,000. No cash dividends were declared or paid during 2020. On February 15. 2021, however. all preferred dividends in arrears were paid, together with a 5% stock dividend on common shares. There were no dividends in arrears prior to 2020. On April 1.2020,478,000 shares of common stock were sold for $10 per share, and on October 1, 2020, 104,000 shares of common stock were purchased for $19 per share and held as treasury stock. Compute earnings per share for 2020. Assume that financial statements for 2020 were issued in March 2021. (Round answer to 2 decimal places, e.g. \$2.55.) Earnings per share \$

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