Compute 2022 Basic EPS given the following data: 2022 …
Compute 2022 Basic EPS given the following data: 2022 2021 Total Assets $25,000,000 $24,000,000 Total Liabilities $15,000,000 $14,500,000 Total Stockholders’ Equity $10,000,000 $9,500,000 Common Stock; $1 par value; 100,000 shares issued and outstanding 12/31/2021 & 12/31/2022 $100,000 $100,000 Preferred Stock; $100 par value; 500 shares issued and outstanding 12/31/2021 & 12/31 2022 $50,000 $50,000 Preferred Dividends $10,000 $10,000 Common Dividends $40,000 $30,000 Net Income (Consolidated) $1,000,000 $950,000 Non-Controlling Interest in Income $90,000 $95,000