1) A company had a beginning balance in retained earnings of $430,000. It had net income of $60,000 and paid out cash dividends of S56,250 in the current period. The ending balance in retained earnings equals A) S546,250. B) S426,250. C) $116,250. D) $433,750. E) $490,000 8 2) Mayan Company had net income of S132,000. The weighted-average common shares outstanding were 80,000. The company declared a $27,000 dividend on its noncumulative, nonparticipating preferred stock. There were no other stock transactions. The company's earnings per share is A) S1.65 3 0 B) S1.99 C) $1.31. D) S0.34 E) $4.89