On January 1, 2018 Oriole Corp had 484000 shares of common stock outstanding. During 2018 it had the following transactions that affected the common stock account.

Feb 1 Issued 116000 shares

March 1 Issued a 10% stock dividend

May 1 Acquired 99000 shares of treasury stock

June 1 Issued a 3 for 1 stock split

October 1 Reissued 61000 shares of treasury stock

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

The weighted average number of shares outstanding is

b. Assume that Oriole Corp earned income of $3296000 during 2018. In addition it had 105000 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 earning per share for 2018. using the weighted average number of shares determined in part a.

c. Assume the same facts as in ort b except that the preferred stock was cumulative. Complete earnings per share for 2018.

Earnings Per Share is

d. Assume the same facts as in part b except that net income included a loss from discontinued operations of $413000 net of tax. Compute earnings per share for 2018.