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On January 1, 2021, Pina Corp. had 478,000 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, Pina Corp. had 478,000 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 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 (a) Determine the weighted-average number of shares outstanding as of December 31, 2021. The weighted average number of shares outstanding e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer (b) Assume that Pina Corp.earned net income of $3,582,000 during 2021. In addition, it had 100,000 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 $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer (c) 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 $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer (d) 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 2021. (Round answer to 2 decimal places, e.g. $2.55.) Pina Corp. Income Statement . e Textbook and Media Save for Later Attempts: 0 of 3 used Submit

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