5. Jasper Corp, has the following Stockholders' Equity account balances and activity for Year 2. $12,700,000 $15,250,000 Net income Retained earnings Preferred stock shares outstanding Common stock shares outstanding at January 1, Year 2 Additional Common shares issued at July 1, Year 2 3-for-1 stock split at December 31, Year 2 1,000 7,255,000 20,000 $10,000 $62,000 $2.56 Preferred Dividends Common Dividends Year 1 EPS Earnings per share Compute Denominator: Weighted average common shares outstanding Portion of year Weighted Average Shares Date Shares January 1, Y2 July 1, Y2 Weighted Average December 31 before split Stock split 3-for-1 *Total Weighted Average, 12/31/Y2 7,255,000 $2.56/3= Note: Year 1 restated Did performance improve in Year 2 as compared to Year 1? Why