Comparative Earnings per Share

Lucas Company reports net income of $2,520 for the year ended December 31, 2016, its first year of operations. On January 4, 2016, Lucas issued 9,000 shares of common stock. On August 2, 2016, it issued an additional 3,600 shares of stock, resulting in 12,600 shares outstanding at year-end.

During 2017, Lucas earned net income of $18,120 . It issued 3,000 additional shares of stock on March 3, 2017, and declared and issued a 2-for-1 stock split on November 3, 2017, resulting in 31,200 shares outstanding at year-end.

During 2018, Lucas earned net income of $29,952 . The only common stock transaction during 2018 was a 20% stock dividend issued on July 2, 2018.

If required, round your final answers to two decimal places.

Required: (I have answered all, but having trouble with #3 for 2017 & 2016)

1. Compute the basic earnings per share that would be disclosed in the 2016 annual report. $.24 per share
2. Compute the 2016 and 2017 comparative basic earnings per share that would be disclosed in the 2017 annual report. 2017: $.60 per share 2016: $.12 per share
3. Compute the 2016, 2017, and 2018 comparative basic earnings per share that would be disclosed in the 2018 annual report. 2018: $.80 per share 2017: $???? per share 2016: $???? per share