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Presented below are selected data from the financial statements of Wizard Corp. 2017...

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Accounting

Presented below are selected data from the financial statements of Wizard Corp.

2017 2016

Net income $150,000 $120,000

Cash dividends paid on preferred stock $15,000 $15,000

Cash dividends paid on common stock $42,000 $38,000

Weighted average number of preferred shares outstanding 20,000 20,000

Weighted average number of common shares outstanding 105,000 95,000

Earnings per share is reported on the 2017 income statement as

a. $1.08 b. $1.20 c. $1.29 d. $1.43

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