A2 is the preferred Dividend, A3 is the EPS Exercise 14-14...
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Accounting
A2 is the preferred Dividend, A3 is the EPS
Exercise 14-14 a1-a3 (Part Level Submission) Sunland Corporation has outstanding at December 31, 2020, 45,000 shares of $21 par value, cumulative, 7% preferred stock and 203,500 shares of $6 par value common stock. All shares were outstanding the entire year. During 2020, Sunland earned total revenues of $2,030,000 and incurred total expenses (except income taxes) of $1,190,000. Sunland's income tax rate is 31%. (a1) Calculate Sunland's 2020 net income. Net Income LINK TO TEXT By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. Attempts: o of 3 used SAVE FOR LATER SUBMIT A (a2) The parts of this question must be completed in order. This part will be available when you complete the part above. (a3) The parts of this question must be completed in order. This part will be available when you complete the part above
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