On January 1, 2018, Nash Corp. had 468,000 shares of common stock outstanding. During 2018, it had the following transactions that affected the Common Stock account.

Exercise 16-16 On January 1, 2018, Nash Corp. had 468,000 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 115,000 shares Issued a 10% stock dividend Acquired 96,000 shares of treasury stock Issued a 3-for-1 stock split Reissued 63,000 shares of treasury stock X Your answer is incorrect. Try again. Determine the weighted-average number of shares outstanding as of December 31, 2018. The weighted-average number of shares outstanding TO TEXT Your answer is incorrect. Try again Assume that Nash Corp. earned net income of $3,288,000 during 2018. In addition, it had 105,000 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.) Earnings Per Share LINK TO TEXT X Your answer is incorrect. Try again 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 LINK TO TEXT xYour answer is incorrect. Try agairn Assume the same facts as in part (b), except that net income included a loss from discontinued operations of $411,000 (net of tax). Compute earnings per share for 2018. (Round answer to 2 decimal places, e.g. $2.55.) Nash Corp Income Statement Click if you would like to Show Work for this question: Open Show Work