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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 2017 2016 Balance at beginning of year $7,015, 592 $5, 613, 352 $5, 714, 552 Net income (loss) 3, 317, 700 2,330, 900 (101, 200) Deductions: Stock dividend (36,500 shares) 251, 000 Common shares retired, September 30 (125, 000 shares) 221, 660 Common stock cash dividends 898, 950 707,000 0 Balance at end of year $9, 183, 342 $7,015, 592 $5,613, 352 At December 31, 2015, paid-in capital consisted of the following: Common stock, 1,950,000 shares at $1 par, Paid in capital- excess of par $1,950,000 7,510,000 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, 2016, 2017, and 2018. (Negative amounts should be indicated by a minus sign.) Year 2016 2017 2018 Numerator 1 Denominator = Earnings (Net Loss) per Share 1 1
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