Business, 06.05.2020 05:34, bgallman153p71edg

At December 31, 2021 and 2020, P Co. had 67,000 shares of common stock and 6,700 shares of 5%, $100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2021 or 2020. Net income for 2021 was $755,000. For 2021, basic earnings per common share amounted to: (Round your answer to 2 decimal places.) Multiple Choice $10.77. $5.00. $10.72.

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At December 31, 2021 and 2020, P Co. had 67,000 shares of common stock and 6,700 shares of 5%, $100...