On January 1, 2021. Kingbird Corp. had 497,000 shares of common stock outstanding. During 2021. it had the following transactions that affected the Common Stock account February 1 March 1 May 1 Issued 114,000 shares Issued a 10% stock dividend Acquired 102,000 shares of treasury stock Issued a 3-for-1 stock split Reissued 61,000 shares of treasury stock June 1 October 1 Determine the weighted average number of shares outstanding as of December 31, 2021 The weighted average number of shares outstanding Assume that Kingbird Corp. earned net income of $3,601,000 during 2021. In addition, it had 95,000 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, eg. $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, eg. $2.55.) Earnings Per Share Assume the same facts as in part (b), except that net income included a loss from discontinued operations of $425,000 (net of tax). Compute earnings per share for 2021. (Round answer to 2 decimal places, eg. $2.55.) Kingbird Corp. Income Statement