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Problem 13-1A Earnings per share calculations and presentation LO1, 2, 3, 4 Except for the earnings per share statistics, the 2019, 2020, and 2021
Problem 13-1A Earnings per share calculations and presentation LO1, 2, 3, 4 Except for the earnings per share statistics, the 2019, 2020, and 2021 income statements for Ace Group Inc. were originally presented as follows: Required: 1. Calculate the 11 missing amounts (Loss should be indicated by a minus sign.) Sales Costs and expenses 2019 2020 2021 $ 476,855 $ 697,040 $1,000,000 326,570 Profit from continuing operations Gain (loss) on discontinued operations $ 314.435) 82.910 (109,825) Profit (loss) $ 155,744 5 535,450 Information on Common Shares for Ace Group Inc. Shares outstanding on December 31, 2018 33,800 Purchase and retirement of shares on March 1, 2019 3.850 Sale of shares on June 1, 2019 14.480 Share dividend of 5% on August 1, 2019
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