On January 1, 2021, Pronghorn Corp. had 472,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. February 1 March 1 May 1 June 1 October 1 Issued 125,000 shares Issued a 10% stock dividend Acquired 100,000 shares of treasury stock Issued a 3-for-1 stock split Reissued 63,000 shares of treasury stock Part 1 * Your answer is incorrect. Determine the weighted average number of shares outstanding as of December 31, 2021. The weighted average number of shares outstanding 1724750 e Textbook and Media Save for Later Attempts: 2 of 15 used Submit Answer Part 2 Your answer is correct. Assume that Pronghorn Corp. earned net income of $3,568,000 during 2021. In addition, it had 101,000 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 $ 2.06 e Textbook and Media Attempts: 2 of 15 used Part 3 Your answer is correct. 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 $ 1.54 e Textbook and Media Attempts: 1 of 15 used Part 4 Your answer is partially correct. Assume the same facts as in part (b), except that net income included a loss from discontinued operations of $422,000 (net of tax). Compute earnings per share for 2021. (Round answer to 2 decimal places, e.g. $2.55.) Pronghorn Corp. Income Statement December 31, 2021 Net Income /(Loss) $ 3146000 Loss From Discontinued Operations 422000 Retained Earnings, December 31 3146000 Save for Later Attempts: 2 of 15 used Submit