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On January 1, 2026, Blossom Corp. had 480,000 shares of common stock outstanding. During 2026, it had the following transactions that affected the common stock

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On January 1, 2026, Blossom Corp. had 480,000 shares of common stock outstanding. During 2026, it had the following transactions that affected the common stock account. Determine the weighted-average number of shares outstanding as of December 31,2026. The weighted-average number of shares outstanding Assume that Blossom Corp. earned net income of $3,362,000 during 2026. In addition, it had 97,000 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 2026. Compute earnings per share for 2026, using the weighted-average number of shares determined in part (a). (Round answer to 2 decimal places, e.g. 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 2026. (Round answer to 2 decimal places, eg. 2.55.) Earnings per share $ Your answer is partially correct. Assume the same facts as in part (b), except that net income included a loss from discontinued operations of $447,000 (net of tax). Compute earnings per share for 2026 . (Round answers to 2 decimal places, eg. 2.55.)

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