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Comparative Statements of Retained Earnings for Renn-Dever Corporation were reported as follows for the fiscal years ending December 31, 2019, 2020, and 2021. RENN-DEVER CORPORATION
Comparative Statements of Retained Earnings for Renn-Dever Corporation were reported as follows for the fiscal years ending December 31, 2019, 2020, and 2021. RENN-DEVER CORPORATION Statements of Retained Earnings For the Years Ended December 31 2021 2020 2019 Balance at beginning of year $6,878,292 $5,532,652 $5,644,552 Net income (loss) 3,310,700 2,260,900 (112,500) Deductions: Stock dividend (50,700 shares) 244,000 Common shares retired, September 30 (120,000 shares) 214,660 Common stock cash dividends 891,950 700,000 Balance at end of year $9,053,042 $6,878,292 $5,532,052 At December 31, 2018, paid-in capital consisted of the following: Common stock, 1,810,000 shares at $1 par Paid in capital-excess of par $1,810,000 7,440,000 No preferred stock or potential common shares were outstanding during any of the periods shown. Required: Compute Renn-Dever's earnings per share as it would have appeared in income statements for the years ended December 31, 2019, 2020, and 2021. (Negative amounts should be indicated by a minus sign.) Year Numerator Denominator Earnings (Net Loss) per Share 2019 1 2020 2021 1
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