On January 1, 2016 Vera Co. had 100,000 shares of $5 par common stock outstanding. The following transactions took place during 2016. Vera declared and issued a 20% stock dividend on March 15. On July 1, Vera purchased 10,000 shares of its common stock . On October 1, Vera issued 14,000 shares for cash.

(a) What is the total number of shares outstanding as of Dec. 31.

(b) What is the weighted-average number of shares outstanding as of Dec. 31.

(c) On Dec 31 2016 Vera Co had a Net Income of $350,000 and declared preferred dividends of $85,000. Calculate the Earnings Per share for 2016.

As of January 2016, Vera Co has 6% Preferred stock, $100 par value 10,000 shares issued and outstanding; Common stock, $5 par value, 100,000 shares issued and outstanding.

The following dividends were declared and paid in 2016, 2017 and 2018 2015 No dividends were declared and paid

2016 $15,000

2017 $40,000

2018 $110,000

declared.

a) Calculate Dividend Per Share for each year.