Answer all Parts

Pioneering Inc had 1000 preferred shares, $3, issued in the beginning of the year 2020. The following changes in common shares outstanding during the year [2020]

Jan 1 10000 common shares were issued

March 31 Sold 15000common shares to shareholders

June 1 Sold 2000 preferred shares

Aug 1 Declared and issued a 10% common share dividend

Oct 1 Repurchased 5500 shares

Nov 1 Issued 7000 common shares

Dec 1 Sold 2500 outstanding Preferred shares and 1200 common shares

HINT: Read information from the beginning of the question

Some additional information on the table below

Table1

	$
Revenue	180,000
Supplies Expense	5000
Cost of goods sold	75000
Prepaid insurance expense	6000
Depreciation Expense	9000
Other expenses	32000
Repairs and maintenance expense	5100
Interest expense	4800
Tax	17000

Required

1. Calculate Preferred share Dividend,,,Calculate the Net Income ,,,Calculate the weighted outstanding shares ,,Calculate the Earning Per Share [ EPS]

[40 marks]