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On January 1, 2018, Waterway Corp. had 478,000 shares account. of common stock outstanding. During 2018, it had the following transactions that affected the Common

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On January 1, 2018, Waterway Corp. had 478,000 shares account. of common stock outstanding. During 2018, it had the following transactions that affected the Common Stock February 1 March 1 Issued 120,000 shares Issued a 10% stock dividend Acquired 102,000 shares of treasury stock Issued a 3-for-1 stock split Reissued 59,000 shares of treasury stock June 1 October 1 Determine the weighted-average number of shares outstanding as of December 31, 2018 The weighted-average number of shares outstanding dy Assu ne that waterway Corp. earned net income of $3.582,000 during 2018. in addition, it had 100,000 shares or 9% sioo par nonconvertible, no cum uso e prete share for 2018, using the weighted-average number of shares determined in part (o). (Round answer to 2 decimal places, e.g. $2.55.) Earnings Per Share the entire year, Because of liquidity considerations, however, the company did not declare and pay a preferred dividend in 2018. Compute earnings per ed 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 $441,000 (net of tax). Compute earnings per share for 2018. (Round answer to 2 decimal places, e.g. $2.55) Waterway Corp. Income Statcment LINK TO TEXT

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