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Assume the following Common Stock activity for XYZ Co. in 2022: January 1 March 1 May 1 June 1 September 1 October Shares Outstanding 250,000

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Assume the following Common Stock activity for XYZ Co. in 2022: January 1 March 1 May 1 June 1 September 1 October Shares Outstanding 250,000 Shares Issued - 80,000 Shares Acquired as Treasury 30,000 Issued 40% stock dividend Shares Issued - 100,000 Issued 2 for 1 Stock Split Compute the weighted average number of shares outstanding for the year 2022. Assume XYZ has Net Income for the current year of $1,410,000. They also have 100,000 shares of $50 par value 7% Non-Cumulative Preferred Stock. No dividends were paid in current year. Compute Earnings Per Share for 2022. Assume same facts as part b) except the Preferred Stock is Cumulative. Compute Earnings Per Share for 2022

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