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3. Common Stock outstanding information: * No change in outstanding common shares during 2019. * In 2020 the following changes occurred: January 1.2020 (Beginning) 40,000
3. Common Stock outstanding information: * No change in outstanding common shares during 2019. * In 2020 the following changes occurred: January 1.2020 (Beginning) 40,000 April 1. 2020 Shares issued 20,000 July 1.2020 Purchased Treasury shares 6,000 Sept 30.2020 Shares issued 8,000 November 1.2020 Stock Dividend 10% issued Dec 31.2020 Shares issued 1,950 :Instructions For the year 2020 compute: Earnings per Share O $ 1.9 O $ 1.7 O $ 1.5 O $2 The following information related to TRT Company for the years 2019 and 2020. 1. Income Statement Information: 2019 2020 Net Sales $310,000 $250,000 Cost of Goods Sold 90,000 86,000 Operating Expense 46,000 41,000 Interest Expense 9,000 10,200 10,200 9,600 Income Tax Expense Net Income 154,800 103,200 2. Other Information: 2019 2020 Total Assets $250,000 $190,000 Construction in Progress 15,000 14,200 Intangible Assets 7,000 7,000 Long-term debts 70,000 70,000 Current liabilities 40,000 50,000 Preferred Stocks, 5% 10,000 10,000 Common Stocks, 210,000 150,000 Dividend for Common Shares 84,000 60,000 Market Price of Common Shares 16 10
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