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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 $6,944, 492 $5,550, 252 $5,704,552 Net income (loss) 3,316,700 2,320,900 (154,300) Deductions: Stock dividend (53, 400 shares) 250,000 Common shares retired, September 30 (150,000 shares) 220,660 Common stock cash dividends 897,950 706,000 Balance at end of year $9,113,242 $6,944,492 $5,550, 252 At December 31, 2018, paid-in capital consisted of the following: Common stock, 1,930,000 shares at $1 par Paid in capital-excess of par $1,930,000 7,500,000 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 Numerator Denominator Earnings (Net Loss) per Share 2019 2020 2021 /
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