Based on the following information, what is earnings per share? $\begin{array}{ll}
115,000 & \text { Common shares outstanding } \
\$ 40,000 & \text { Preferred stock cividend declared and paid } \
\$ 350,000 & \text { Net income }
\end{array}$

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The Answer of Based on the following information, what is earnings per share? $\begin{array}{ll}
115,000 & \text { Common shares outstanding } \
\$ 40,000 & \text { Preferred stock cividend declared and paid } \
\$ 350,000 & \text { Net income }
\end{array}$

Based on the Following Information, What Is Earnings Per Share