part C

On January 1, 2018, Marigold Corp. had 459,000 shares of common stock outstanding During 2018, it had the following transactions that affected the Common Stock account. Determine the weighted-average number of shares outstanding as of December 31, 2018. Assume that Marigold Corp. earned net income of $3, 577,000 during 2018. in addition, it had 95,000 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 2018. Compute earnings per share for 2018, using the weighted-average number of shares determined in part (a). (Round answer to 2 decimal places, e.g. $2.55.) Assume the same facts as in part (b), except that the preferred stock was cumulative. Compute earnings per share for 2018. (Round answer to 2 decimal places, e.g. $2.55.)