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Comparative Earnings per Share Lucas Company reports net income of $2,580 for the year ended December 31, 2016, its first year of operations. On January
Comparative Earnings per Share Lucas Company reports net income of $2,580 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 4,200 shares of stock, resulting in 13,200 shares outstanding at year-end During 2017, Lucas earned net income of $18,840. 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 32,400 shares outstanding at year-end During 2018, Lucas earned net income of $31,104 . 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: 1. Compute the basic earnings per share that would be disclosed in the 2016 annual report per share 2. Compute the 2016 and 2017 comparative basic earnings per share that would be disclosed in the 2017 annual report 2017: $ 2016: $ per share per share 3. Compute the 2016, 2017, and 2018 comparative basic earnings per share that would be disclosed in the 2018 annual report. 2018: $ 2017: $ 2016: $ per share per share per share
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