On January 1, 2021, Sandhill 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 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 15 used Submit Answer Part 2 Assume that Sandhill 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, eg. $2.55.) Earnings Per Share $ Part 3 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 $ e Textbook and Media Save for Later Attempts: 0 of 15 used Submit Answer Part 4 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, eg. $2.55.) Sandhill Corp. Income Statement $ Save for Later Attempts: 0 of 15 used Submit