Question
Comparative Statements of Retained Earnings for Renn-Dever Corporation were reported as follows for the fiscal years ending December 31, 2022, 2023, and 2024. RENN-DEVER CORPORATION
Comparative Statements of Retained Earnings for Renn-Dever Corporation were reported as follows for the fiscal years ending December 31, 2022, 2023, and 2024. RENN-DEVER CORPORATION Statements of Retained Earnings For the Years Ended December 31 2024 2023 2022 Balance at beginning of year $ 7,105,692 $ 5,663,452 $ 5,764,552 Net income (loss) 3,322,700 2,380,900 (101,100) Deductions: Stock dividend (39,800 shares) 256,000 Common shares retired, September 30 (120,000 shares) 226,660 Common stock cash dividends 903,950 712,000 0 Balance at end of year $ 9,268,442 $ 7,105,692 $ 5,663,452 At December 31, 2021, paid-in capital consisted of the following: Common stock, 2,110,000 shares at $1 par $ 2,110,000 Paid in capitalexcess of par 7,560,000 No preferred stock or potential common shares were outstanding during any of the periods shown. Required: Compute Renn-Devers earnings per share as it would have appeared in income statements for the years ended December 31, 2022, 2023, and 2024.
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