The stockholders’ equity section of vaughn corporation appears below as of december 31, 2020. 8% preferred stock, $50 par value, authorized 107,200 shares, outstanding 97,200 shares $4,860,000 common stock, $1.00 par, authorized and issued 10,800,000 shares 10,800,000 additional paid-in capital 22,140,000 retained earnings $144,720,000 net income 35,640,000 180,360,000 $218,160,000 net income for 2020 reflects a total effective tax rate of 20%. included in the net income figure is a loss of $19,440,000 (before tax) as a result of a non-recurring major casualty. preferred stock dividends of $388,800 were declared and paid in 2020. dividends of $1,080,000 were declared and paid to common stockholders in 2020. compute earnings per share data as it should appear on the income statement of vaughn corporation. (round answers to 2 decimal places, e. g. 1.48.)

"in the electricity industry, low average total costs are obtained only through large-scale production. in other words, the initial cost of setting up all the necessary wiring makes it risky and, most likely, unprofitable for competitors to enter the market. throughout much of the 20th century, many people viewed south africa’s de beers group as a monopoly because it controlled a large percentage of diamond production and sales. patents are granted to inventors of a product or process for a certain number of years. the reason for this is to encourage innovation in the economy. without the existence of patents, it is argued, research and development for improved electronics is unlikely to take place, since there’s nothing preventing another firm from stealing the idea, copying the product, and producing it without incurring the devel opment costs."which of the following best explains the barriers to entry that exist in this scenario? increasing returns to scale legal barriers exclusive ownership of a necessary resource