Instructions:

1- Determine the weighted-average number of shares outstanding as of December 31, 2020.

2- Assume the net income of the company is $1000,000 and the preferred dividends $10,000. Compute EPS.

On Jan 1, 2021 Jamal Cor. had 100,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the common stock account: April 1: Issued 50,000 Shares. May 1: Issued a 10% stock dividend. August 1: Acquired 40,000 share of treasury stock. November 1: Issued a 5-for-1 stock split December 1: Reissued 20,000 shares of treasury stock