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, Indigo Corp. had 4834,00 shares of common stock outstanding. Durng 2018, t had the folowing transactions tha affected the Common Stock account. February 1

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, Indigo Corp. had 4834,00 shares of common stock outstanding. Durng 2018, t had the folowing transactions tha affected the Common Stock account. February 1 March 1 May 1 June 1 October 1 Reissued 61,000 shares of treasury stock Issued 116,000 shares Issued a 10% stock dividend Acquired 99,000 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 TEXT Assume that Indigo Corp. earned net income of $3,296,000 during 2018. In addition, it had ios,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 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

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