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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 $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 Balance at end of year $9,268,442 $7,105,692 $5,663,452 At December 31, 2018, paid-in capital consisted of the following: Common stock, 2,110,000 shares at $1 par Paid in capital-excess of par $2,110,000 7,560,000 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.) Year 2019 2020 Numerator 1 Denominator = $ (101,100) 2,110,000 = $ 2,380,9001 $ 3,322,700 / Earnings (Net Loss) per Share $ (0.05) = 0 2021 = 0
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