On January 1, 2018, Ivanhoe Corp. had 482,000 shares of common stock outstanding. During 2018, it had the following transactions that affected the Common Stock account.

February 1		Issued 126,000 shares
March 1		Issued a 10% stock dividend
May 1		Acquired 104,000 shares of treasury stock
June 1		Issued a 3-for-1 stock split
October 1		Reissued 61,000 shares of treasury stock

Part 1

Determine the weighted-average number of shares outstanding as of December 31, 2018.

The weighted-average number of shares outstanding

enter the weighted-average number of shares outstanding as of December 31, 2018

Part 2

Assume that Ivanhoe Corp. earned net income of $3,395,000 during 2018. In addition, it had 105,000 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.)

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

$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 $436,000 (net of tax). Compute earnings per share for 2018. (Round answer to 2 decimal places, e.g. $2.55.)

Ivanhoe Corp. Income Statement
		$enter a dollar amount per share rounded to 2 decimal places
		enter a dollar amount per share rounded to 2 decimal places
		enter a total earnings per share amount rounded to 2 decimal places