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On January 1, 2018, Ivanhoe Corp. had 479,000 shares of common stock outstanding. During 2018, it had the following transactions that affected the Common Stock

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On January 1, 2018, Ivanhoe Corp. had 479,000 shares of common stock outstanding. During 2018, it had the following transactions that affected the Common Stock account. February 1 March 1 May 1 June 1 October 1 Issued 117,000 shares Issued a 10% stock dividend Acquired 103,000 shares of treasury stock Issued a 3-for-1 stock split Reissued 59,000 shares of treasury stock Determine the weighted-average number of shares outstanding as of December 31, 2018. The weighted-average number of shares outstanding Assume that Ivanhoe Corp. earned net income of 53,408,000 during 2018. In addition, it had 102,000 shares of 10% $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.) Earnings Per Share 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 Assume the same facts as in part (b), except that net income included a loss from discontinued operations of $426,000 (net of tax). Compute earnings per share for 2018. (Round answer to 2 decimal places, e.g. $2.ss.) Ivanhoe Corp. Income Statement

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