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Comparative Statements of Retained Earnings for Renn-Dever Corporation were reported as follows for the fiscal years ending December 31, 2014, 2015, and 2016. RENN-DEVER CORPORATION
| Comparative Statements of Retained Earnings for Renn-Dever Corporation were reported as follows for the fiscal years ending December 31, 2014, 2015, and 2016. |
| RENN-DEVER CORPORATION | |||||||||
| Statements of Retained Earnings | |||||||||
| For the Years Ended December 31 | 2016 | 2015 | 2014 | ||||||
| Balance at beginning of year | $ | 7,001,092 | $ | 5,574,852 | $ | 5,744,552 | |||
| Net income (loss) | 3,320,700 | 2,360,900 | (169,700) | ||||||
| Deductions: | |||||||||
| Stock dividend (39,200 shares) | 254,000 | ||||||||
| Common shares retired, September 30 (110,000 shares) | 224,660 | ||||||||
| Common stock cash dividends | 901,950 | 710,000 | 0 | ||||||
| Balance at end of year | $ | 9,165,842 | $ | 7,001,092 | $ | 5,574,852 | |||
| At December 31, 2013, paid-in capital consisted of the following: |
| Common stock, 2,070,000 shares at $1 par, | $ | 2,070,000 | |
| Paid in capitalexcess of par | 7,540,000 | ||
| 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, 2014, 2015, and 2016. (Negative amounts should be indicated by a minus sign.) | ||||||||||||||||||||||||
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