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45. During the year ended December 31, 2014, Gluco, Inc., split its stock on a 3-for-1 basis. In its annual report for 2013, the firm

45.

During the year ended December 31, 2014, Gluco, Inc., split its stock on a 3-for-1 basis. In its annual report for 2013, the firm reported net income of $998,300 for 2013, with an average 283,300 shares of common stock outstanding for that year. There was no preferred stock.

Required:
a.

What amount of net income for 2013 will be reported in Gluco's 2014 annual report?

Net income: $_____________
b.

Calculate Gluco's earnings per share for 2013 that would have been reported in the 2013 annual report.(Round your answer to 2 decimal places.)

Earnings per share: $___________
c.

Calculate Gluco's earnings per share for 2013 that will be reported in the 2014 annual report for comparative purposes.(Round your answer to 2 decimal places.)

Earnings per share: $__________

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