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On January 1 , 2 0 2 6 , Oriole Corp. had 4 5 9 , 0 0 0 shares of common stock outstandingDuring 2

On January 1,2026, Oriole Corp. had 459,000 shares of common stock outstandingDuring 2026, it had the following transactions that affected the common stock account. February 1Issued 123,000 shares March 1Issued a 10% stock dividend May 1Acquired 101,000 shares of treasury stock June 1 Issued a 3-for -1 stock split October 1Reissued 57,000 shares of treasury stock1) Determine the weighted-average number of shares outstanding as of December 31,20262) Assume that Oriole Corp. earned net income of $3,577,000 during 2026. In addition, it had 101,000 shares of 9%$100 par nonconvertible, noncumulative preferred stock outstanding for the entire year. Because of liquidity considerations, however, the company did not declare and pay a preferred dividend in 2026. Compute earnings per share for 2026, using the weighted-average number of shares determined in part (a).(Round answer to 2 decimal places, e.g.2.55.)3) Assume the same facts as in part (b)except that the preferred stock was cumulative. Compute earnings per share for 2026.(Round answer to 2 decimal places2.55)4) Assume the same facts as in part (b), except that net income included a loss from discontinued operations of $413,000(net of tax). Compute earnings per share for 2026.(Round answers to 2 decimal places, eg2.55)
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