(Answered) Question - pina inc presented the following datanet

Accounting

Question - Pina Inc. presented the following data.

Net income	$2,610,000
Preferred stock: 48,000 shares outstanding, $100 par, 8% cumulative, not convertible	4,800,000
Common stock: Shares outstanding 1/1	769,200
Issued for cash, 5/1	291,600
Acquired treasury stock for cash, 8/1	156,000
2-for-1 stock split, 10/1

Compute earnings per share.

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