E16-18B (EPS: Simple Capital Structure) NuCorp presented the following data. Net income $ 5,800,000 Bonds: 10%, $750,000 par value 738,500 Preferred stock: 100,000 shares outstanding, $100 par, 8% cumulative, not convertible 10,000,000 Common stock: Share

E16-18B (EPS: Simple Capital Structure) NuCorp presented the following data.

Net income                                                                    $ 5,800,000

Bonds: 10%, $750,000 par value                                    738,500

Preferred stock: 100,000 shares outstanding,

$100 par, 8% cumulative, not convertible                 10,000,000

Common stock: Shares outstanding 1/1                       500,000

Issued for cash, 4/1                                                            800,000

Issued 40% stock dividend, 10/1

Instructions

Compute earnings per share.