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Hagstaa Inc. presented the tollowmg data. Net income Preferred stock: 50,000 shares outstanding, $100 par, 8% cumulative, not convertible Common stock Shares outstanding 1/1 Issued

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Hagstaa Inc. presented the tollowmg data. Net income Preferred stock: 50,000 shares outstanding, $100 par, 8% cumulative, not convertible Common stock Shares outstanding 1/1 Issued for cash, 5/1 Acquired treasury stock for cash, 8/1 2-for-1 stock split, 10/1 Instructions Compute earnings per share. Dates Shares Stock Split Number Event Outstanding Outstanding Restatement of months Beginning balance Issued shares Reacquired shares Stock split Weightedaverage number of shares outstanding

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