On January 1, 2021, S Corp had 480,000 shares of common stock outstanding During 2021, it had the following transactions that affected the Common Stock account February 1 Issued 117,000 shares March 1 Issued a 10 stock dividend May 1 Acquired 101,000 shares of treasury stock June 1 Issued a 3 for 1 stock split October 1 Reissued 62,000 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 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 $452,000 (net of tax) Compute earnings per share for 2021 (Round answer to 2 decimal places, e g $2 55 ) earnings per share S Corp Income Statement choose the accounting period December 31, 2021For the Year Ended December 31, 2021For the Quarter Ended December 31, 2021 select an opening name for this statement DividendsExpensesExtraordinary LossExtraordinary GainIncome Before Extraordinary ItemIncome From Continuing OperationsIncome Per Share Before Extraordinary ItemLoss From Discontinued OperationsNet Income (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues $enter a dollar amount per share rounded to 2 decimal places select an income statement item DividendsExpensesExtraordinary LossExtraordinary GainIncome Before Extraordinary ItemIncome From Continuing OperationsIncome Per Share Before Extraordinary ItemLoss From Discontinued OperationsNet Income (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues enter a dollar amount per share rounded to 2 decimal places select a closing name for this statement DividendsExpensesExtraordinary LossExtraordinary GainIncome Before Extraordinary ItemIncome From Continuing OperationsIncome Per Share Before Extraordinary ItemLoss From Discontinued OperationsNet Income (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues enter a total earnings per share amount rounded to 2 decimal places

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On January 1, 2021, S Corp. had 480,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock

On January 1, 2021, S Corp. had 480,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account.

February 1		Issued 117,000 shares
March 1		Issued a 10% stock dividend
May 1		Acquired 101,000 shares of treasury stock
June 1		Issued a 3-for-1 stock split
October 1		Reissued 62,000 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 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 $452,000 (net of tax). Compute earnings per share for 2021. (Round answer to 2 decimal places, e.g. $2.55.)

earnings per share=

S Corp. Income Statement choose the accounting period December 31, 2021For the Year Ended December 31, 2021For the Quarter Ended December 31, 2021
select an opening name for this statement DividendsExpensesExtraordinary LossExtraordinary GainIncome Before Extraordinary ItemIncome From Continuing OperationsIncome Per Share Before Extraordinary ItemLoss From Discontinued OperationsNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues		$enter a dollar amount per share rounded to 2 decimal places
select an income statement item DividendsExpensesExtraordinary LossExtraordinary GainIncome Before Extraordinary ItemIncome From Continuing OperationsIncome Per Share Before Extraordinary ItemLoss From Discontinued OperationsNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues		enter a dollar amount per share rounded to 2 decimal places
select a closing name for this statement DividendsExpensesExtraordinary LossExtraordinary GainIncome Before Extraordinary ItemIncome From Continuing OperationsIncome Per Share Before Extraordinary ItemLoss From Discontinued OperationsNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues		enter a total earnings per share amount rounded to 2 decimal places