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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

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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 [2020] Jan 1 10000 common shares were issued March 31 Sold 15000common shares to shareholders June 1 Sold 2000 preferred shares Aug 1 Declared and issued a 10% common share dividend Oct 1 Repurchased 5500 shares Nov 1 Issued 7000 common shares Dec 1 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 Tablel S 180,000 5000 75000 6000 Revenue Supplies Expense Cost of goods sold Prepaid insurance expense Depreciation Expense Other expenses Repairs and maintenance expense Interest expense Tax 9000 32000 5100 4800 17000 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 marks]

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