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Exercise 19-13 (Algo) EPS; treasury stock; new shares; stock dividends; two years, financial statement effects [LO19-5, 19-6] The LI Group had 310,000 shares of common
Exercise 19-13 (Algo) EPS; treasury stock; new shares; stock dividends; two years, financial statement effects [LO19-5, 19-6] The LI Group had 310,000 shares of common stock outstanding at January 1, 2024. The followIng actlvitles affected common shares during the year. There are no potentlal common shares outstanding. 2024 February 28 Purchased 21,600 shares of treasury stock. October 31 sold the treasury shares purchased on February 28. November 30 Issued 84,000 new shares. December 31 Net income for 2024 is $909,000. 2025 January 15 Declared and issued a 2-for-1 stock split. December 31 Net income for 2025 is $909,000. Required: 1. Determine the 2024 EPS. 2. Determine the 2025 EPS. 3. At what amount will the 2024 EPS be presented in the 2025 comparatlve financial statements? Note: Do not round Intermedlate calculations. Enter your answers In thousands (I.e., 10,000 should be entered as 10)
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