Exercise 16-16 On January 1, 2018, Culver Corp, had 461,000 shares of common stock outstanding. During 2018, it had the following transactions that affected the Common Stock account. February 1 Issued 124,000 shares March 1 May 1 une 1 October 1eissued 61,000 shares of treasury stock Issued a 10% stock dividend Acquired 104,000 shares of treasury stock Issued a 3-for-1 stock split Determine the weighted-average number of shares outstanding as of December 31, 2018 The weighted-average number of shares outstanding LINK TO TEX Assume that Culver Corp. earned net income of $3,325,000 during 2018. In addition, it had 102,000 shares of 10%, $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 s LINK TO TEXT 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 TO TEXT Assume the same facts as in part (b), except that net income included a loss from discontinued operations of $440,000 (net of tax). Compute earnings per share for 2018. (Round answer to 2 decimal places, e.g. $2.55.)