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On January 1, 2026. Wildhorse Corp. had 461.000 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. Wildhorse Corp. had 461.000 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 Wildhorse Corp, earned net income of $3,325,000 during 2026. In addition, it had 104,000 shares of 10%6,$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 ploces, es. 2.55.) Earningsper share $ eTextbook and Media (c) 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 decimol ploces,eg. 2.55.) Earningapershare

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