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Comparative Statements of Retained Earnings for Renn-Dever Corporation were reported as follows for the fiscal years ending December 31, 2016, 2017, and 2018. RENN-DEVER CORPORATION
Comparative Statements of Retained Earnings for Renn-Dever Corporation were reported as follows for the fiscal years ending December 31, 2016, 2017, and 2018.
RENN-DEVER CORPORATION Statements of Retained Earnings For the Years Ended December 31 2018 2016 Balance at beginning of year Net income (loss) Deductions: 2017 $6,944,492 $5,550,252 $5, 784,552 2,320,988 3,316, 7ee (154, 30e) Stock dividend (53,480 shares) Common shares retired, September 30 (158,e00 shares) Common stock cash dividends 250,eee 220,660 706,008 897,95e Balance at end of year $9,113,242 $6,944,492 $5,550, 252 At December 31, 2015, paid-in capital consisted of the following: Common stock, 1,930,00e shares at $1 par, Paid in capital-excess of par $1,930,eee 7,500,0ee 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, 2016 2017, and 2018. (Negative amounts should be indicated by a minus sign.) merator DenominatorEarnings (Net Loss) r Share 2016 2017 2018
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