Whispering Inc. presented the following data. Net income $2,550,000...
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Accounting
Whispering Inc. presented the following data.
| Net income | $2,550,000 | |
| Preferred stock: 51,000 shares outstanding, $100 par, 8% cumulative, not convertible | 5,100,000 | |
| Common stock: Shares outstanding 1/1 | 816,000 | |
| Issued for cash, 5/1 | 318,000 | |
| Acquired treasury stock for cash, 8/1 | 162,000 | |
| 2-for-1 stock split, 10/1 |
Compute earnings per share. (Round answer to 2 decimal places, e.g. $2.55.)
| Earnings per share | $enter earnings per share rounded to 2 decimal places |
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