At December 31,2013,the shareholders' equity of LMN reported as outstanding: 100 common shares and 30 nonconvertible preferred shares.On July 1,2014,LMN issued a 10 percent stock dividend on its common shares and paid a cash dividend of $2.00 per share on its preferred (the full year's requirement).Income for the year ended December 31,2014 was $1,170.The 2014 EPS,rounded to the nearest cent,for LMN should be:

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The Answer of At December 31,2013,the shareholders' equity of LMN reported as outstanding: 100 common shares and 30 nonconvertible preferred shares.On July 1,2014,LMN issued a 10 percent stock dividend on its common shares and paid a cash dividend of $2.00 per share on its preferred (the full year's requirement).Income for the year ended December 31,2014 was $1,170.The 2014 EPS,rounded to the nearest cent,for LMN should be:

At December 31,2013,the Shareholders' Equity of LMN Reported as Outstanding