Ch 15 Dilutive Securities & EPS Q3 (Part C)

On January 1, 2026, Oriole Corp. had 459,000 shares of common stock outstanding During 2026, it had the following transactions that affected the commonstock account. (a) V. Your ansver ficcorrect. Determine the weighted average number of shares outstanding as of becember 31,2020. The welghted-average number of shares outstanding (b) Your anowers correct Assume that Oriale Corp. earned net income of $357,000 during 2026 in addition, ithad 101.000 shares of 97 \$100 par noncomertible noncumulative preferred stockoutstanding for the entire year, Because of liquidity considerationa, however the company did not declare and pay a preferied dividend in 2026. Compute eamings per share for 2026, using the wel ghthed averase number of thares determined in part (a). (Round answer to 2 declmal ploce, es. 2.55.) Earnings per share Assume the same facts as in part (b) except that the preferred stock was cumylative. Compute earnings per share for 2026. (Round answento 2 decimal ploces, eg 255. Earnings per share