Answer:
$880,000
Explanation:
net income $880,000
weighted average outstanding shares = 200,000
earnings per share formula = (net income - preferred dividends) / weighted average outstanding stocks
diluted earnings per share formula = (net income - preferred dividends) / (weighted average outstanding stocks + diluted shares)
in both cases the numerator is the same = net income - preferred dividends
the numerator = $880,000