On December 31, 2021, the Rusty Inc. had 120,000 shares of common stock issued and outstanding. On July 1, 2022, the company sold 21,000 additional shares for cash. Rusty's net income for the year ended December 31, 2022, was $600,000. During 2022, Rusty declared and paid $87,000 in cash dividends on its nonconvertible preferred stock. What is the 2022 basic earnings per share
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On December 31, 2021, the Rusty Inc. had 120,000 shares of common stock issued and outstanding. On J...
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