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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 $6,902,192 $5,539,952 $5,664,552 Net income (loss) 3,312,700 2,280, 900 (124,600) Deductions: Stock dividend (50,700 shares) 246,000 Common shares retired, September 30 (160,000 shares) 216,660 Common stock cash dividends 893,950 702,000 Balance at end of year $9,074,942 $6,902. 192 $5,539,952 At December 31, 2018, paid-in capital consisted of the following: Common stock, 1,850,000 shares at $1 par Paid in capital excess of par $1,850,000 7,460.000 No preferred stock or potential common shares were outstanding during any of the perio 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 1 Denominator = Earnings (Net Loss) per Share 2019 2020 2021
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