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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 $7,059,692 $5,609,45255,774,552 Net income foss) 3,323,700 2,390,96 165,100) Deductions: Stock dividend (58,500 shares) 257,000 Cotton shares retired, September (188,800 shares) 227,660 Common stock cash dividends 904,95e 233.000 Balance at end of year 39,221,442 57,019,692 55,609,452 At December 31, 2018, pald-in capital consisted of the following Conton stock, 2.130,000 shares at si par Paid in capital-excess of par $2,230,000 7,570,000 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 Denominator 2130.000 2010 2020 2021 Numerator 5 (165,100) 5 230.000 Earnings Not Loss) per Share 10.00) 0 o
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