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On January 1, 2021. Metlock Corp. had 491,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock

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On January 1, 2021. Metlock Corp. had 491,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. February 1 Issued 116,000 shares March 1 Issueda 10% stock dividend May 1 Acquired 96,000 shares of treasury stock June 1 Issued a 3-for-1 stock split October 1 Reissued 59,000 shares of treasury stock Your answer is correct. Determine the weighted-average number of shares outstanding as of December 31,2021. Assume that Metlock Corp. earned net income of $3,434,000 during 2021. In addition, it had 102,000 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, es. \$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 $443,000 (net of tax). Compute earnings per share for 2021 . (Round answer to 2 decimal places, eg. \$2.55.)

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