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Financial Statements: Statement of Shareholders' Equity Below is a portion of Spiderman Web Shooters Inc.'s Balance Sheet as of December 31, 20Y1: Common Stock,
Financial Statements: Statement of Shareholders' Equity Below is a portion of Spiderman Web Shooters Inc.'s Balance Sheet as of December 31, 20Y1: Common Stock, $1 Par; Shares Authorized 25,000; Shares Issued and Outstanding 2,000 Additional Paid-in-Capital (APIC) Retained Earnings 20Y2 Events: $2,000 1,110 14,455 Total Shareholders' Equity $17,565 1. On March 1st,1,200 shares of common stock were issued for $2,000 2. On March 31st, dividends were declared, but Unpaid, in the amount of $1,375 3. On August 31st, Bobcat Realty re-purchased $500 of its own stock at par value 4. Revenues for 20Y2 were $147,560 5. Expenses (including Tax Expense) for 20Y2 were $119,350 Required: Construct Statement of Shareholders' Equity and calculate Earnings Per Share for 20Y2. Common # of Shares Outstanding Stock S Value APIC Retained Treasury Ending Earnings Stock Balance Beginning Balances Ending Balance Notes are an integral part of the financial statements. Required: Calculate Earnings Per Share (EPS) for the period below. = EPS Net Income / Weighted Average Shares Outstanding
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