A B D E F G For the year ended December 31, 2023, Fancy Corporation reported net income of $8,500,000. At January 1, 2023, the company had 4,100,000 common shares outstanding. On May 31, the company sold 820,000 shares in a public offering. On June 14 the company declared and distributed a 12% stock dividend. On October 1, the company issued 328,000 shares as part of the consideration for the purchase of assets from a subsidiary. 2555D 6 7 8 10 11 January 1 Shares outstanding 12 May 31 Shares issued 13 June 14 Stock dividend 14 October 1 Shares issued 15 Net income 16 17 4,100,000 820,000 12% 328,000 $8,500,000 18 Required: Compute Fancy's earnings per share for the year ended December 31, 2023. 19 20 1. What is the numerator in the EPS calculation? 21 22 2. What is the denominator in the EPS calculation? 23 24 Shares 25 26 January 1 27 May 31 820,000 4,100,000 Adjustment for: Stock Dividend Fraction of Year Weighted Shares 12% 20 1. What is the numerator in the EPS calculation? 21 22 2. What is the denominator in the EPS calculation? 23 Adjustment for: Fraction of Year Weighted Shares 24 Shares Stock Dividend 25 12% 26 January 1 4,100,000 27 May 31 820,000 28 October 1 328,000 29 Total Weighted Shares 30 31 32 3. Compute earnings per share for the year ended December 31, 2023. 33 34 35 +