It is an EPS question. I don't know what I can do to get the correct answer. I think there is something wrong with the weighted average of share outstanding but I don't know how to do it.

The Duckworth Ltd. 20X5 financial statements include the following: Statement of comprehensive income Year ended 31 December 20145 Earnings from continuing operations $ 3,336,000 Discontinued operations {net of tax} 432,000 Net earnings and comprehensive income $ 3,?68,000 Statement of nancial position 31 December20X5 Bonds payable, 5%, nonconvertihle $ 10,000,000 Preferred shares, nopar value, $0.00, nonconvertible, noncumulative, outstanding during year, 500,000 shares 10,000,000 Common shares, nopar value: Outstanding 1 Jan_, 34,000,000 shares 15 7,300,000 Sold and issued 1 April, 3,240,000 shares 1,400,000 Issued 10% stock dividend, 30 Sept, 3,?24,000 shares 1,400,000 10,250,000 Retained earnings 1910000 The company declared and paid preferred dividends of $20,000 during the year and had an effective tax rate of 25%. Required: 1. Compute basic EPS. [Do not round intennediate calculations. Round your answer to 2 decimal places.} 5 {LEAK 2. Repeat requirement 1, assuming that the preferred shares are cumulative. {Do not round intermediate calculations. Round your answer to 2 decimal places.) 5 0.30: Basil: EPS: Earnings from continuing operations Less: loss on PIS retirement (page 1192, Other adjustments) Less: Prefered dividends (page 1191} Earnings available to common shareholders Shares outstanding: 34,000,000 x 3/12 3,240,000 x 3/12 3,724,000 x 5/12 Weighted average Basil: EPS (continuing operations} After-tax earnings from discontnued operations Basic EPS (discontinued operations): Earnings Weighted available to average common number of shareholders shares EPS 5 3,335,000 (20,000) 5 3,315,000 0,500,000 010,000 1,052,000 11,172,000 5 0.30 S 432,000 5 0.04 S 0.34 Basic EPS: Earnings from continuing operations Less: Prefered dividends (page 1191) Less: Prefered dividends (page 1191) Earnings available to common shareholders Shares outstanding: 34,000,000 x 3/12 3,240,000 x 3/12 3,724,000 x 5/12 Weighted average Basic EPS (continuing operations) After-tax earnings from discontnued operations Basic EPS (discontinued operations}: Earnings availableto Weighted common average shareholder numberof s shares EPS 33,336,000 (450,000) (20,000) 32,055,000 0,500,000 010,000 1,052,000 11,172,000 5 0.26 S 432,000 5 0.04 S 0.30 Basil: EPS: Earnings from continuing operations Less: loss on MS retirement (page 1192, Other adjustments} Less: Prefered dividends (page 1191) Earnings available to common shareholders Shares outstanding: 3,240,000 x 9/12 3,724,000 x 3/12 Weighted average Basil: EPS (continuing operations} Aftertax earnings from discontnued operations Basic EPS (discontinued operations): Earnings available to Weighted common average shareholder number of s shares $3,336,000 (20,000) 53,316,000 2,430,000 931,000 3,361,000 S 432,000 0.99 0.13 1.12 Basic EPS: Earnings from continuing operations Less: Prefered dividends (page 1191} Less: Prefered dividends (page 1191} Earnings available to common shareholders Shares outstanding: 3,240,000 x 9/12 3,724,000 x 3/12 Weighted average Basic EPS (continuing operations) After-tax earnings from discontnued operations Basic EPS (discontinued operations): Earnings available to Weighted common average shareholder number of s shares EPS 53,336,000 (450,000) (20,000) 52,866,000 2,430,000 931,000 3,351,000 50.85 S 432,000 $0.13 $0.98 Required: 1. Compute basic EPS. [Do not round intermediate calculations. Round your answer to 2 decimal places} Answer is complete but not entirely correct $ max 2. Repeat requirement 1, assuming that the preferred shares are cumulative. {Do not round intermediate calculations. Round your answer to 2 decimal places.) Answer is complete but not entirely correct $ max Required: 1. Compute basic EPS. [Do not round intermediate calculations. Round your answer to 2 decimal places} Answer is complete but not entirely correct $ 0.992 2. Repeat requirement 1. assuming that the preferred shares are cumulative. [Do not round intermediate calculations. Round your answerto 2 decimal places.) Answer is complete but not entirely correct $ 0.85):- The company declared and paid preferred dividends of $20,000 during the year and had an effective tax rate of 25%. Required: 1. Compute basic EPS. {Do not round intermediate calculations. Round your answer to 2 decimal places} $ 1.12! 2. Repeat requirement 1, assuming that the preferred shares are cumulative. {Do not round intermediate calculations. Round your answer to 2 decimal places.] $ 0.9st Required: 1. Compute basic EPS. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Answer is complete but not entirely correct s max 2. Repeat requirement 1, assuming that the preferred shares are cumulative. {Do not round intermediate calculations. Round your answer to 2 decimal places.) Answer is complete but not entirely correct s max Earnings available to Weighted common average shareholder number of s shares EPS Basil: EPS: Earnings from continuing operations $3,336,000 Less: loss on P/S retirement (page 1192, Other adjustments} Less: Prefered dividends (page 1191) (20,000} Earnings available to common shareholders $3,316,000 Shares outstanding: 34,000,000 x 3/12 3,500,000 \"54100070004315:10:[l-0[)-}-x-/-1-2--"nu-"n! 13,520,000 [01903999131210999132.21999150112___: 102411000 Weighted average 31/361,000 Basic EPS (continuing operations) S 0.09 After-tax earnings from discontnued operations 5 432,000 Basic EPS (discontinued operations): S 0.01 S 0.10 Basic EPS: Earnings from continuing operations Less: Prefered dividends (page 1191} Less: Prefered dividends (page 1191} Earnings available to common shareholders Shares outstanding: 34,000,000 x 3/12 (34,000,000+3,240,000) x 3/12 (34,000,000+3,240,000+3,724,000) x 5/12 Weighted average i Basic EPS (continuing operations) After-tax earnings from discontnued operations Basic EPS (discontinued operations}: Earnings available to Weighted common average shareholder number of s shares EPS 53,336,000 (450,000) (20,000) 52,365,000 3,500,000 13,520,000 10,241,000 g (cm) v 37,351,000 5 0.03 S 432,000 5 0.01 5 0.09 \fRequired: 1. Compute basic EPS. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Answer is complete but not entirely correct s max 2. Repeat requirement 1, assuming that the preferred shares are cumulative. {Do not round intermediate calculations. Round your answer to 2 decimal places.) Answer is complete but not entirely correct s max Earnings available to Weighted common average shareholder number of s shares EPS Basil: EPS: Earnings from continuing operations $3,336,000 Less: loss on P/S retirement (page 1192, Other adjustments} Less: Prefered dividends (page 1191) (20,000} Earnings available to common shareholders $3,316,000 Shares outstanding: 34,000,000 x 3/12 3,500,000 \"54100070004315:10:[l-0[)-}-x-/-1-2--"nu-"n! 13,520,000 [01903999131210999132.21999150112___: 102411000 Weighted average 31/361,000 Basic EPS (continuing operations) S 0.09 After-tax earnings from discontnued operations 5 432,000 Basic EPS (discontinued operations): S 0.01 S 0.10 Basic EPS: Earnings from continuing operations Less: Prefered dividends (page 1191} Less: Prefered dividends (page 1191} Earnings available to common shareholders Shares outstanding: 34,000,000 x 3/12 (34,000,000+3,240,000) x 3/12 (34,000,000+3,240,000+3,724,000) x 5/12 Weighted average i Basic EPS (continuing operations) After-tax earnings from discontnued operations Basic EPS (discontinued operations}: Earnings available to Weighted common average shareholder number of s shares EPS 53,336,000 (450,000) (20,000) 52,365,000 3,500,000 13,520,000 10,241,000 g (cm) v 37,351,000 5 0.03 S 432,000 5 0.01 5 0.09