For several years Orbon Inc. has followed a policy of paying a cash dividend of $0.59 per share and having a 3% stock dividend. In the 2020 annual report, Orbon reported restated earnings per share for 2018 of $1.17. Required: Calculate the originally reported earnings per share for 2018. Calculate the restated cash dividend per share for 2018 reported in the 2020 annual report for comparative purposes. (For all requirements, do not round intermediate calculations. Round your answer to 2 decimal places.)

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Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.