25) Nevada Company has convertible preferred stock outstanding at the end of the period. Preferred stock dividends should not be deducted in arriving at basic and diluted earnings per share. (True False) 4 26) York Corp. had 100,000 shares of common stock outstanding on January 1, issued 400,000 shares on July 1, and had income applicable to common stock of $3,500,000 for the year ending December 31, 2021. Earnings per share of common stock for 2021 would be? 27) Colorado Co. had 150,000 shares of stock outstanding on January 1, 2021. On February 1, 2021, Colorado issued 84,000 shares. On July 1, Colorado purchased 8,000 treasury shares, which were reissued on November 1. Compute Colorado's weighted average number of shares outstanding for 2021