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Pioneering Inc had 1000 preferred shares, $3, issued in the beginning of the year 2020. The following changes in common shares outstanding during the year
Pioneering Inc had 1000 preferred shares, $3, issued in the beginning of the year 2020. The following changes in common shares outstanding during the year [2020] Jan 1 March 31 June 1 Aug 1 Oct 1 Nov 1 Dec 1 10000 common shares were issued Sold 15000common shares to shareholders Sold 2000 preferred shares Declared and issued a 10% common share dividend Repurchased 5500 shares Issued 7000 common shares Sold 2500 outstanding Preferred shares and 1200 common shares HINT: Read information from the beginning of the question Some additional information on the table below Table1 s Revenuc 180,000 Supplies Expense 5000 Cost of goods sold 75000 Prepaid insurance expense 6000 Depreciation Expense 9000 Other expenses 32000 Repairs and maintenance expense Interest expense Page 4 I 4 5100 4800 + Required a) Calculate Preferred share Dividend b) Calculate the Net Income c) Calculate the weighted outstanding shares d) Calculate the Earning Per Share [ EPS] [40 ma
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