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Except for the earnings per share statistics, the 2022, 2023, and 2024 income statements for Ace Group Inc. were originally presented as follows: Required: Calculate
Except for the earnings per share statistics, the 2022, 2023, and 2024 income statements for Ace Group Inc. were originally presented as follows: Required: Calculate the 11 missing amounts. (Loss should be indicated by a minus sign.) 2022 2023 2024 Sales $480,855 $701,040 $1,012,900 Costs and expenses 330,570 Profit from continuing operations $316,435 Gain (loss) on discontinued operations 83,910 (110,825) Profit (loss) $156,744 $536,450
\begin{tabular}{|l|r|r|} \hline \multicolumn{2}{|c|}{ Information on Common Shares for Ace Group Inc. * } \\ \hline Shares outstanding on December 31, 2021 & & 35,800 \\ \hline Purchase and retirement of shares on March 1, 2022 & - & 4,280 \\ \hline Sale of shares on June 1, 2022 & + & 15,280 \\ \hline Share dividend of 5\% on August 1, 2022 & + & \\ \hline Shares outstanding on December 31, 2022 & & \\ \hline Sale of shares on February 1, 2023 & + & 7,160 \\ \hline Purchase and retirement of shares on July 1, 2023 & - & 2,140 \\ \hline Shares outstanding on December 31, 2023 & & \\ \hline Sale of shares on March 1, 2024 & + & 19,360 \\ \hline Purchase and retirement of shares on September 1, 2024 & - & 5,700 \\ \hline Share split of 3:1 on October 1, 2024 & + & \\ \hline Shares outstanding on December 31, 2024 & \\ \hline \end{tabular}Step by Step Solution
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