On January 1, 2021, Concord Corp. had 488,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account.

February 1		Issued 115,000 shares
March 1		Issued a 10% stock dividend
May 1		Acquired 96,000 shares of treasury stock
June 1		Issued a 3-for-1 stock split
October 1		Reissued 61,000 shares of treasury stock

Determine the weighted-average number of shares outstanding as of December 31, 2021. The weighted-average number of shares outstanding __________

Assume that Concord Corp. earned net income of $3,330,000 during 2021. 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 2021. Compute earnings per share for 2021, using the weighted-average number of shares determined in part (a). (Round answer to 2 decimal places, e.g. $2.55.)

Earnings Per Share $__________

Assume the same facts as in part (b), except that the preferred stock was cumulative. Compute earnings per share for 2021. (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 $431,000 (net of tax). Compute earnings per share for 2021. (Round answer to 2 decimal places, e.g. $2.55.)

Concord Corp. Income Statement choose the accounting period For the Year Ended December 31, 20211
Income From Continuing Operations		$
Loss from Discontinued Operations		$
Net Income / (Loss)		$