3) Texas Corp. had 480,000 shares of common stock outstanding on January 1, issued 900,000 shares on July 1, and had income applicable to common stock of $2,500,000 for the year ending December 31, 2021. Earnings per share of common stock for 2021 would be? 5.21 4) Texas Co. had 400,000 shares of common stock outstanding on January 1, issued 126,000 shares on May 1, purchased 63,000 shares of treasury stock on September 1, and issued 54,000 shares on November 1. The weighted average shares outstanding for the year is? 5) At December 31, 2020 Jersey Company had 200,000 shares of common stock and 10,000 shares of 6%, $100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2020 or 2021. On February 10, 2022, prior to the issuance of its financial statements for the year ended December 31, 2021, Jersey declared a 20% stock dividend on its common stock. Net income for 2021 was $800,000. In its 2021 financial statements, Jersey's 2021 earnings per common share should be? 6) York Co. had net income for 2021 of $600,000. The average number of shares outstanding for the period was 100,000 shares. The average number of shares under outstanding options, at an option price of $20 per share is 12,000 shares. The average