At December 31, 2014, the Shareholders' Equity of ABC Inc

At December 31, 2014, the shareholders' equity of ABC Inc.reported as outstanding: 100 common shares and 30 nonconvertible preferred shares.On July 1, 2015, ABC Inc.issued a 10 percent stock dividend on its common shares and paid a cash dividend of
$2.00 per share on its preferred (the full year's requirement).Income for the year ended December 31, 2015 was $1,170.The 2015 EPS, rounded to the nearest cent, for ABC Inc.should be $8.58.

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