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On January 2, 2026, Pharosh Corp. had 484,000 shafes of common stock outstanding. During 2026, it had the following transactions that affected the commonstock account.
On January 2, 2026, Pharosh Corp. had 484,000 shafes of common stock outstanding. During 2026, it had the following transactions that affected the commonstock account. Determine the weighted-average number of shares outstanding as of December 31, 2026. The weighted-average number of shares outstanding Assume that Pharosh Corp. earned net income of $3,296,000 during 2026 . In addition, it had 99,000 shares of 2%,$100 par comprny did not dectiare and poy a peoferred dividend in 2026, Computeeamings per share for 2026, using the weighted average number of shares determined in part (a). (Round answer to 2 decimal ploces, es. 2.5.5) Earnings per share Assume the same facts as in part (b), except that the preferred stock was cumulative. Compute earnings per sharefor 2026. (Round answer to 2 decimal places, es, 2.55) Assume the same facts as in part (b), except that inet income included a loss from discontinued operations of $413.000 (net of tax). Compute earnigss per share for 2026, (Round answers to 2 decimal places, es. 2.55.) Earnings pershare
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