McDonald Enterprises Corporation had $28,000$ common shares outstanding at the start of $2023.$ On

April $1,$ the company sold an additional $6,000$ shares. On July $1,$ they retired $1,000$ shares and on

September $1,$ the company's board declared a $4-$for$-1$ stock split. Next income for $2023$ was $$648,550$

and preferred shareholders received dividens of $$129,000.$ McDonald Enterprises Corporation has a

December $31$ year$-$end

REQUIRED

Calculate the Earnings Per Share for $2023.(6$ marks$)$

The current fiscal year is $2024$ and Olympia Enterprises Limited's preferred shareholders have not

received dividends for the past four years. In $2024,$ the Board declared a $$162,240$ cash dividend.

Other details, below:

Contributed Capital

Preferred Shares, $$5,$ cumulative, $5,200$ shares outstanding

Common shares, no$-$par value, unlimited shares authorized, $40,000$ shares

issued

Total contributed capital

Retained Earnings

Total Equity

REQUIRED:

Calculate the dividends paid to both common and preferred shareholders and the dividend per

share for each. $(6$ marks$)$