Ivanhoe Inc. presented the following data:

Net income		$5,514,000
Preferred shares: 49,900 shares outstanding, $100 par, 10% cumulative, not convertible		$4,990,000
Common shares: Shares outstanding, Jan. 1, 2020		645,000
Issued for cash, May 1, 2020		120,000
Acquired treasury shares for cash, Sept. 1, 2020 (shares cancelled)		177,000
4for1 stock split, Oct. 1, 2020

As of January 1, 2020, there were no dividends in arrears. On December 31, 2020, Ivanhoe declared and paid the preferred dividend for 2020.

Calculate earnings per share for the year ended December 31, 2020. (Round answer to 2 decimal places, e.g. 52.75.)

Earnings per share to be reported

$Enter your answer in accordance to the question statement

What would the effect be on your calculation in (a) if the stock split had been declared on January 30, 2021, instead of on October 1, 2020, assuming the financial statements of Ivanhoe Inc. for the year ended December 31, 2020, were issued after January 30, 2021?

If the stock split had occurred on January 30, 2021, before the financial statements for the year ended December 31, 2020 were issued, the results of the calculation for the earnings per share would Choose the answer from the menu in accordance to the question statement decreaseremain unchangedincrease.

Assume that Ivanhoe did not declare or pay a preferred dividend in 2020. Calculate earnings per share for the year ended December 31, 2020. (Round answer to 2 decimal places, e.g. 15.25.)

Earnings per share

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Assume that as at January 1, 2020, Ivanhoe had two years of dividends in arrears, and that on December 31, 2020, Ivanhoe declared and paid the dividends in arrears and the preferred dividend for 2020. Calculate earnings per share for the year ended December 31, 2020. (Round answer to 2 decimal places, e.g. 15.25.)

Earnings per share

$Enter your answer in accordance to the question statement

Assume that the preferred shares are non-cumulative, and that the preferred dividend was paid in 2020. Calculate earnings per share for the year ended December 31, 2020. (Round answer to 2 decimal places, e.g. 15.25.)

Earnings per share

$Enter your answer in accordance to the question statement

Assume that the preferred shares are non-cumulative, and that Ivanhoe did not declare or pay a preferred dividend in 2020. Calculate earnings per share for the year ended December 31, 2020. (Round answer to 2 decimal places, e.g. 15.25.)

Earnings per share

$Enter your answer in accordance to the question statement

Would a current shareholder favour Ivanhoe Inc.s declaration of a stock split?

A current shareholder would Choose the answer from the menu in accordance to the question statement unfavourfavour Ivanhoe Inc.s declaration of a stock split.