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 Table1 $ Revenue 180,000 Supplies Expense 5000 Cost of goods sold 75000 Prepaid insurance expense 6000 Depreciation Expense 9000 Other expenses 32000 Repairs and maintenance expense 5100 Interest expense 4800 Tax 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]

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