On January 1, 2018, Monty Corp. had459,000shares of common stock outstanding. During 2018, it had the following transactions that affected the Common Stock account.

Part 1 Part 2 Part 3 E] 'I'cur answer is incorrect. Triir again. Determine the I.IlleighteIdairerage number of shares outstanding as of December 31. 2018. E. li 111e weightedaverage number of shares cutstancling Assume that Monty Corp. earned net income of $3_4?1_UUU during 2MB. In addition, it had It] LUBE] shares of 9%. $1 par nonconyertihle. noncumu|atiye preferred stock outstanding for the entire year. Because of liquidity considerations. however. the company did not declare and pay a preferred dividend in 2t] 18. Compute earnings per share for 2t] 18, using the weightedaverage number of shares determined in part {a}. {Round answer to 2 decimal places, e.g'. $2.55.} Earnings Per Share $I 2n.99| Assume the same facts as in part {b}, except that the preferred stock was cumulative. Cempute earnings per share for El] 18. {Raund answer tn 2 decimal places, ea. $2.55.} . III- Eamlngs Per Share $|15_4g| Assume the same facts as in part {b}, except that net income included a less from discontinued operations cf $430,000 (net of tax}. Cempute earnings per share for 2010. {Round answer to 2 Iri'ecfirnaiI places, ea. $2.55.} Monty Darn. Income Statement Fcr the Year Ended December 31, 2018 1' E] 'I'cur answer is incorrect. Triir again. Determine the I.IlleighteIdairerage number of shares outstanding as of December 31. 2018. E. li 111e weightedaverage number of shares cutstancling Assume that Monty Corp. earned net income of $3_4?1_UUU during 2MB. In addition, it had It] LUBE] shares of 9%. $1 par nonconyertihle. noncumu|atiye preferred stock outstanding for the entire year. Because of liquidity considerations. however. the company did not declare and pay a preferred dividend in 2t] 18. Compute earnings per share for 2t] 18, using the weightedaverage number of shares determined in part {a}. {Round answer to 2 decimal places, e.g'. $2.55.} Earnings Per Share $I 2n.99| Assume the same facts as in part {b}, except that the preferred stock was cumulative. Cempute earnings per share for El] 18. {Raund answer tn 2 decimal places, ea. $2.55.} . III- Eamlngs Per Share $|15_4g| Assume the same facts as in part {b}, except that net income included a less from discontinued operations cf $430,000 (net of tax}. Cempute earnings per share for 2010. {Round answer to 2 Iri'ecfirnaiI places, ea. $2.55.} Monty Darn. Income Statement Fcr the Year Ended December 31, 2018 1