i need help with my accounting homework

[avery125]

Miller Co., which produces and sells skiing equipment, is financed as follows:

Bonds payable, 10% (issued at face amount)	$1,600,000
Preferred $2 stock, $20 par	1,600,000
Common stock, $25 par	1,600,000

Income tax is estimated at 40% of income.
Determine the earnings per share on common stock, assuming that the income before bond interest and income tax is (a) $560,000, (b) $720,000, and (c) $880,000.
Enter answers in dollars and cents, rounding to the nearest cent.
a. Earnings per share on common stock $
b. Earnings per share on common stock $
c. Earnings per share on common stock $

 

[stapel]

Miller Co., which produces and sells skiing equipment, is financed as follows:

Bonds payable, 10% (issued at face amount)	$1,600,000
Preferred $2 stock, $20 par	1,600,000
Common stock, $25 par	1,600,000

Income tax is estimated at 40% of income.
Determine the earnings per share on common stock, assuming that the income before bond interest and income tax is (a) $560,000, (b) $720,000, and (c) $880,000.

What have you tried? How far have you gotten? Where are you stuck?

For instance, for (a), you found ten percent of the income and subtracted this "payable" amount, you found forty percent of the remainder and subtracted this "tax" amount, you found the "preferred" dividends amount and subtracted this, plugged the values into the formula they gave you to find the earnings per share, and... then what?

Please be complete. Thank you.