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4 10 points eBook Print References The Alford Group had 240,000 shares of common stock outstanding at January 1, 2021. The following activities affected common
4 10 points eBook Print References The Alford Group had 240,000 shares of common stock outstanding at January 1, 2021. The following activities affected common shares during the year. There are no potential common shares outstanding. 2021 Feb. 28 Purchased 30,000 shares of treasury stock. Oct. 31 Sold the treasury shares purchased on February 28. Nov. 30 Issued 120,000 new shares. Dec. 31 Net income for 2021 is $1,495,000. 2022 Jan. 15 Declared and issued a 2-for-1 stock split. Dec. 31 Net income for 2022 is $1,495,000. Required: 1. Determine the 2021 EPS. (Do not round intermediate calculations.) 2. Determine the 2022 EPS. 3. At what amount will the 2021 EPS be presented in the 2022 comparative financial statements? (For all requirements, Enter your answers in thousands.) Numerator / Denominator =1 Earnings per Share 1. = 23 2. = = 10 5 points eBook On December 31, 2020, Berclair Inc. had 420 million shares of common stock and 7 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding On March 1, 2021, Berclair purchased 36 million shares of its common stock as treasury stock Berclair issued a 5% common stock dividend on July 1, 2021. Six million treasury shares were sold on October 1. Net income for the year ended December 31, 2021, was $700 million Required: Compute Berclair's earnings per share for the year ended December 31, 2021 (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Print Numerator / Denominator Earnings per Shere
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