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Except for the earnings per share statistics, the 2019, 2020, and 2021 income statements for Ace Group Inc. were originally presented as follows: Required: 1.

Except for the earnings per share statistics, the 2019, 2020, and 2021 income statements for Ace Group Inc. were originally presented as follows: Required: 1. Calculate the 11 missing amounts. (Loss should be indicated by a minus sign.)

Answer is complete and correct.

2019 2020 2021
Sales $486,855 $707,040 $1,018,900
Costs and expenses 167,420selected answer correct 254,500selected answer correct 333,570
Profit from continuing operations $319,435 $452,540selected answer correct $685,330selected answer correct
Gain (loss) on discontinued operations (161,191)selected answer correct 85,410 (112,325)
Profit (loss) $158,244 $537,950 $573,005

Shares outstanding on December 31, 2018 38,800
Purchase and retirement of shares on March 1, 2019 4,880
Sale of shares on June 1, 2019 + 16,480
Share dividend of 5% on August 1, 2019 + 2,520selected answer correct
Shares outstanding on December 31, 2019 52,920selected answer correct
Sale of shares on February 1, 2020 + 7,760
Purchase and retirement of shares on July 1, 2020 2,440
Shares outstanding on December 31, 2020 58,240selected answer correct
Sale of shares on March 1, 2021 + 20,560
Purchase and retirement of shares on September 1, 2021 6,600
Share split of 3:1 on October 1, 2021 +
Shares outstanding on December 31, 2021 ?

2. Calculate the weighted-average number of common shares outstanding during the following years: (Do not round intermediate calculations. Round your answers to nearest whole number.)

2019 2020 2021
Weighted-average outstanding shares

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