19 RENN-DEVER CORPORATION Statements of Retained Earnings for the Years Ended December 31 2018 2017 2016 Balance at beginning of year $7,195,692 $5,663,452 $5,764,552 Net income (loss) 3,322,789 2,380,989 (101,100) Deductions: Stock dividend (39,800 shares) 256,080 Common shares retired, September 30 (120,000 shares) 226,660 Common stock cash dividends 903,950 712,080 B Balance at end of year $9,268,442 $7,105,692 55,663,452 points Skipped At December 31, 2015, paid-in capital consisted of the following: Common stock, 2,110,000 shares at $1 par, Paid in capital-excess of par $2,110,000 7,560,000 References No preferred stock or potential common shares were outstanding during any of the periods shown Required: Compute Renn-Dever's earnings per share as it would have appeared in income statements for the years ended De 2017, and 2018. (Negative amounts should be indicated by a minus sign.) Numerator / Denominator Year 2018 Earnings (Net Loss) per Share 2017 2018