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On January 1,2026 . Wildharse Corp, hud 474000 sharesof comman stock outstandine During 2026 , it hais the following transactioni that afiected the common stock
On January 1,2026 . Wildharse Corp, hud 474000 sharesof comman stock outstandine During 2026 , it hais the following transactioni that afiected the common stock account. (a) Youranker is correct Determine the weighted-average number of shares outstanding as of December 31,2026 . Assume that Wildhorse Corp, earned net income of $3,346,000 during 2026. In addition, it had 100,000 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, eg. 2.55.) Earnings per share eTextbook and Media
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