kingery corporation began the calendar (and fiscal) year with a simple structure consisting of 39,000 shares of common stock outstanding. on may 1, 9,000 additional shares were issued, and another 6,000 shares were issued on september 1. the company had a net income for the year of $245,000. round answers to two decimal places. a. compute the earnings per share of common stock. $answer b. assume that the company also had 8,000 shares of 4%, $20 par value cumulative preferred stock outstanding throughout the year. compute the basic earnings per share of common stock.