At December 31,2014 and 2013,Rollins Corp.had 200,000 shares of common stock and 20,000 shares of 5 percent,$100 par value cumulative preferred stock outstanding.No dividends were declared on either the preferred or common stock in 2013 or 2014.Net income for 2014 was $1,000,000.For 2014,basic earnings per common share amounted to

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The Answer of At December 31,2014 and 2013,Rollins Corp.had 200,000 shares of common stock and 20,000 shares of 5 percent,$100 par value cumulative preferred stock outstanding.No dividends were declared on either the preferred or common stock in 2013 or 2014.Net income for 2014 was $1,000,000.For 2014,basic earnings per common share amounted to