Basic EPS Stock Dividend - Complicating Effects In beginning of year, 8 Corp has 80,000 shares of $10 par common stock and 1,000 shares of Cumulative Preferred Stock $100 par, 10% exiss. No dividends are in arrears. Net income was 5820,000. Shares of $10 par common changed during the year ind are listed in the table below. A 50% stock dividend was declared June 1. Compute Basic Earnings per Share. Shares of Common Jan. 1 Beg Balance 80,000 Apr. 1 Sold more 30,000 Jul. 1 Purchased back -39,000 Nov. 1 Sold more 60,000 Full Dil