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On January 1, a corporation had 15,380 shares of common stock outstanding. On August 1,...

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Accounting

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On January 1, a corporation had 15,380 shares of common stock outstanding. On August 1, it sold an additional 5,000 shares. During the year, dividends of $4,800 and $56,000 were declared and paid on the common and preferred stock, respectively. Net income for the year was $250,000. What was the basic earnings per share for the year (rounded to the nearest cent)? O $14.32 S11.11 $10.83 $16.26

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