Best Corporation's net income in 2017 was $1,295,000.The company had 500,000 shares of common stock outstanding and 90,000 shares of preferred stock outstanding.No shares were issued or repurchased during the year.The company paid dividends of $0.70 per share on the common stock and $0.80 per share on the preferred stock.How much profit did Best generate for each share of outstanding common stock in 2017?

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The Answer of Best Corporation's net income in 2017 was $1,295,000.The company had 500,000 shares of common stock outstanding and 90,000 shares of preferred stock outstanding.No shares were issued or repurchased during the year.The company paid dividends of $0.70 per share on the common stock and $0.80 per share on the preferred stock.How much profit did Best generate for each share of outstanding common stock in 2017?

Best Corporation's Net Income in 2017 Was $1,295,000