Rebert Inc. showed the following balances for last year: January 1 December 31 Stockholders' equity:

*

For common stock only.

Rebert’s net income for last year was $3,182,000.

Exercise 16-41 Earnings per Share, Price-Earnings Ratio

Refer to the information for Rebert Inc. above. Also, assume that the market price per share for Rebert is $51.50.

Required:

• 1.Compute the dollar amount of preferred dividends.
• 2.Compute the number of common shares.
• 3.Compute earnings per share. (Note: Round to two decimals.)
• 4.Compute the price-earnings ratio. (Note: Round to the nearest whole number.)