On January 1, 2018, Bonita Corp. had 491,000 shares of common stock outstanding. During 2018, it had the following transactions that affected the Common Stock account.

February 1		Issued 116,000 shares
March 1		Issued a 10% stock dividend
May 1		Acquired 96,000 shares of treasury stock
June 1		Issued a 3-for-1 stock split
October 1		Reissued 59,000 shares of treasury stock

part2 Assume that Bonita Corp. earned net income of $3,434,000 during 2018. In addition, it had 102,000 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 2018. Compute earnings per share for 2018, using the weighted-average number of shares determined in part (a). (Round answer to 2 decimal places, e.g. $2.55.)

part 3

Assume the same facts as in part (b), except that the preferred stock was cumulative. Compute earnings per share for 2018. (Round answer to 2 decimal places, e.g. $2.55.)

Earnings Per Share

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Earnings Per Share

$enter earnings per share rounded to 2 decimal places

part 4

Assume the same facts as in part (b), except that net income included a loss from discontinued operations of $443,000 (net of tax). Compute earnings per share for 2018.