On January 1, 2018,TamariskCorp. had487,000shares of common stock outstanding. During 2018, it had the following transactions that affected the Common Stock account.

February 1Issued122,000sharesMarch 1Issued a 10% stock dividendMay 1Acquired99,000shares of treasury stockJune 1Issued a 3-for-1 stock splitOctober 1Reissued58,000shares of treasury stock

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

b.Assume thatTamariskCorp. earned net income of $3,601,000during 2018. In addition, it had100,000shares of9%, $100par 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

c.Assume the same facts as in part (b), except that the preferred stock was cumulative. Compute earnings per share for 2018.

d.Assume the same facts as in part (b), except that net income included a loss from discontinued operations of $421,000(net of tax). Compute earnings per share for 2018.