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Current Attempt in Progress On January 1, 2021, Kingbird Corp. had 469,000 shares of common stock outstanding. During 2021, it had the following transactions that
Current Attempt in Progress On January 1, 2021, Kingbird Corp. had 469,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. February 1 March 1 Issued 115,000 shares issued a 1056 stock dividend Acquired 101,000 shares of treasury stock Issued a 3-for-1 stock split May 1 June 1 October 1 Reissued 62,000 shares of treasury stock Determine the weighted average number of shares outstanding as of December 31, 2021. The weighted average number of shares outstanding e Textbook and Media Assume that Kingbird Corp.earned nat income of $2,354,000 during 2021. In addition, it had 101,000 shares of 36, $100 par nonconvertible, noncumulative preferred stock outstanding for the entire year. Because of liquidity considerations, however, the company did not declare and pay a preferred dividend in 2021. Compute earnings per share for 2021, using the weighted- average number of shares determined in part (a). Round answer to 2 decimal places, es $2.55.) Earnings Per Share $ e Textbook and Media Assume the same facts as in part (b).sxcept that the preferred stock was cumulative. Computs earnings per share for 2021. (Round answer to 2 decimal places, eg $2.55.) Earnings Per Share s eTextbook and Media Assume the same facts as in part (bl.axcept that net income included a loss from discontinued operations of $410,000 (net of tax). Compute carnings per share for 2021 (Round answer to 2 decimal places.es. $255.) Kingbird Corp Income Statement
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