Aylmer follows IFRS

The company has 100,000 preferred shares issued and outstanding for the entire year. The preferred shares are non-cumulative and non-participating. There is a conversion feature where each preferred share can be converted into 20 common shares.

On January 1, 2021; the company had 600,000 common shares outstanding. On April 1, the company issued 200,000 common shares. There was a 2 for 1 stock split on June 1. These transactions have been accounted for and are included on the trial balance.

The company can issue an unlimited number of common shares.

In the Excel spreadsheet, see the tab Diluted EPS Calculation to show your work relating to, weighted average number or shares and Earnings per Share and to make any dividend calculations.

Only calculate EPS and Diluted EPS for 2021.

There was no change in shares during 2020.

	Dates	Shares		Fraction	Weighted
Event	Outstanding	Outstanding	Restatement	of Year	Shares

Dec 31, 2020:

Revenue 4,027,450 Expenses 3,159,189 Net Income 868,261

Required: Make any journal entries required for the year end, 2021