Abel Company provided the following information from its financial records: Net income$255,000? Common shares outstanding 1/1 350,000? Common stock dividends$21,000? Common shares outstanding 12/31 410,000? Preferred stock dividends$25,500? Preferred shares outstanding 1/1 21,000? Sales$910,000? Preferred shares outstanding 12/31 17,000? What is the amount of the company's earnings per share?
A. $0.67
B. $0.60
C. $0.74
D. $28.02
Answer: B
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