Exercise 16-16 On January 1, 2018, Carla Corp. had 480,000 shares of common stock outstanding. During 2018, it had the following transactions that affected the Common Stock account February 1 Issued 119,000 shares March 1 Issued a 10% stock dividend Acquired 97,000 shares of treasury stock May 1 Issued a 3-for-1 stock split June 1 October 1 Reissued 61,000 shares of treasury stock Determine the weighted-average number of shares outstanding as of December 31, 2018. The weighted-average number of shares outstanding LINK TO TEXT Assume that Carla Corp. earned net income of $3,362,000 during 2018. In addition, it had 100,000 shares of 9%, $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 2018. Compute earnings per share for 2018, using the weighted-average number of shares determined in part (a). (Round answer to 2 decimal places, e.g. $2.55.) Earnings Per Share LINK T XT Assume the same facts as in part (b), except that the preferred stock was cumulative. Compute earnings per share for 2018. (Round answer to 2 decimal places, e.g. $2.55.) Earnings Per Share LINK XT Assume the same facts as in part (b), except that net income included a loss from discontinued operations of $447,000 (net of tax). Compute earnings per share for 2018. (Round answer to 2 decimal places, e.g. $2.55.) Carla Corp. Income Statement LINK XT