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At December 31, 2024 and 2023, Markle Company had 106,000 shares of common stock and...

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Accounting

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At December 31, 2024 and 2023, Markle Company had 106,000 shares of common stock and 5,600 shares of 5%,$100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2024 or 2023 . Net income for 2024 was $560,000. For 2024 , basic earnings per share was: Multiple Choice $5.02. $476. $280

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