The Following Information Is from Doubtfire Corporation's 2010 Statement of Cash

Essay

The following information is from Doubtfire Corporation's 2010 statement of cash flows.
During 2010, Doubtfire Corporation declared and paid its annual $20,000 of preferred stock dividends. On January 1, 2010, Doubtfire had 100,000 shares of common stock outstanding and 60,000 common shares were issued on April 1. Doubtfire had 20,000 shares of preferred stock outstanding on January 1 and issued no additional shares during 2010. Doubtfire must make $65,000 of principal and interest payments each year. All investing activities related to PP&E.
Required:
a. What is Doubtfire's cash flow per share?
b. Use two methods to determine Doubtfire's free cash flow.