eps simple capital structure kendall inc presented the following data 579110

Net income

$2,200,000

Preferred stock: 50,000 shares outstanding,
$100 par, 8% cumulative, not convertible

5,000,000

Common stock: Shares outstanding 1/1

600,000

Issued for cash, 5/1

300,000

Acquired treasury stock for cash, 8/1

150,000

2 for 1 stock split, 10/1