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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 $6,894, 692 Net income (loss) $5,524, 452 $5,674,552 3,313, 700 Deductions: 2,290,900 (150,100) Stock dividend (35,000 shares) 247,000 Common shares retired, September 30 (120,000 shares) 217,660 Common stock cash dividends 894,950 703,000 0 Balance at end of year $9,066, 442 $6,894, 692 65,524,452 At December 31, 2018, paid-in capital consisted of the following: Common' stock, 1,870,000 shares at $1 par Faid in capital-excess of par $1,870,000 7,470,000 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.)
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