Bonanza, Incorporated's net income in 2017 was $378,000.The company had 75,000 shares of common stock outstanding and 35,000 shares of preferred stock outstanding.No shares were issued or repurchased during the year.The company paid dividends of $1.50 per share on the common stock and $1.80 per share on the preferred stock.How much is earnings per share for 2017?

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The Answer of Bonanza, Incorporated's net income in 2017 was $378,000.The company had 75,000 shares of common stock outstanding and 35,000 shares of preferred stock outstanding.No shares were issued or repurchased during the year.The company paid dividends of $1.50 per share on the common stock and $1.80 per share on the preferred stock.How much is earnings per share for 2017?

Bonanza, Incorporated's Net Income in 2017 Was $378,000