chapter 19

question 2

The Alford Group had 250,000 shares of common stock outstanding at January 1, 2021. The following activitles affected common shares during the year. There are no potential common shares outstanding. 2021 Feb. 28 parchaned 3,000 ahares of treanury ntock. oct. 31 . Sold the treasury ahares parchaned on February 28. Nov. 30 Inaued 12,000 new sharen. Dec. 31 Net income for 2021 in $1,494,000. 2022 Jan. 15 Deelared and issued a 2 oor-1 steek eplit. Dee, 31 Het income for 2022 is 51,494,000. Required: 1. Determine the 2021 EPS. (Do not round intermedlate calculations.) 2. Determine the 2022 EPS. 3. At what amount will the 2021 EPS be presented in the 2022 comparative financial statements? (For all requirements, Enter your answers in thousands.)