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  3. at december 31,2024 and 2023, violette company had

At December 31,2024 and 2023, Violette Company had 52,000 shares of common stock and 5,200...

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Accounting

At December 31,2024 and 2023, Violette Company had 52,000 shares of common stock and 5,200 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 $530,000. For 2024, basic earnings per common share amounted to:
Note: Round your answer to 2 decimal places
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