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need help step by step common shares outstanding needs to be determined. The following transactions occurred during 2019, Baylor, Inc. is calculating the earnings per

need help step by step
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common shares outstanding needs to be determined. The following transactions occurred during 2019, Baylor, Inc. is calculating the earnings per share for 2018. In doing so, the weighted average number of Baylor's first year of operations. January 1, 2019 April 1, 2019 May 1, 2019 June 1, 2019 September 1, 2019 October 1, 2019 December 1, 2019 Issued 100,000 shares of common stock for cash. Issued an additional 20,000 shares of common stock for cash. Declared and issued a 10% stock dividend on the common stock. Purchased 10,000 shares of common stock as treasury stock. Reissued all of the treasury shares purchased on June 1, 2019 for cash. Issued common shares pursuant to a 3:1 stock split. Issued an additional 30,000 shares of common stock for cash. REQUIRED: Calculate the proper number of weighted average common shares that Baylor, Inc. should use in determining the 2019 earnings per share. PART 2- 10 POINTS On January 2, 2021, Matrix, Inc. adopted a stock option plan for employees. Total estimated compensation expense for the stock option plan was $150,000. Employees were given 40,000 options to be exercised after the three year benefit period expired on December 31, 2023. The options were exercisable until December 31, 2026. Each option could be exercised for one share of the company's $5 par value common stock, at an exercise price of $20 per share. During 2024, employees exercised 30,000 options. The remaining options were never exercised and expired on December 31, 2026. REQUIRED: Prepare all of the journal entries required for Matrix to account for the stock option plan from Jnuary 2, 2021 through December 31, 2026

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