Help with Part B

On January 1, 2021, Tamarisk Corp. had 502,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. (a) Your answer is correct. Determine the weighted-average number of shares outstanding as of December 31, 2021. The weighted-average number of shares outstanding eTextbook and Media Attempts: 1 of 2 used Using multiple attempts will impact your score. 20% score reduction after attempt 1 (b) Assume that Tamarisk Corp. earned net income of $3,550,000 during 2021. In addition, it had 102,000 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 2021 . Compute earnings per share for 2021, using the weighted-average number of shares determined in part (a). (Round answer to 2 decimal places, e.g. $2.55.) Assume that Tamarisk Corp. earned net income of $3,550,000 during 2021. In addition, it had 102,000 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 2021. Compute earnings per share for 2021, using the weighted-average number of shares determined in part (a). (Round answer to 2 decimal places, e.g. $2.55.) Earnings Per Share $ eTextbook and Media Attempts: 0 of 2 used Using multiple attempts will impact your score. 20% score reduction after attempt 1 (c) The parts of this question must be completed in order. This part will be available when you complete the part above. (d) The parts of this question must be completed in order. This part will be available when you complete the part above