Problem 19-9 (Algo) EPS from statement of retained earnings [LO19-4, 19-5, 19-6] Comparative Statements of Retained Earnings for Renn-Dever Corporation were reported as follows for the fiscal years ending December 31, 2019, 2020, and 2021. RENN-DEVER CORPORATION Statements of Retained Earnings For the Years Ended December 31 2021 2020 2019 Balance at beginning of year $6,894,692 $5,524,452 $5,674,552 Net income (loss) 3,313,700 2,290,9ee (150, 100) Deductions: Stock dividend (35,000 shares) 247, eee Common shares retired, September 30 (129,080 shares) 217,660 Common stock cash dividends 894,95 703, eee Balance at end of year $9,066,442 $6,894,692 $5,524,452 At December 31, 2018, pald-in capital consisted of the following: Common stock, 1,870,000 shares at $1 par Paid in capital-excess of par $1,870, eee 7,470, eee No preferred stock or potential common shares were outstanding during any of the periods shown. Required: Compute Renn-Dever's earnings per share as it would have appeared in Income statements for the years ended December 31, 2019, 2020, and 2021. (Negative amounts should be indicated by a minus sign.) Answer is complete but not entirely correct. Year Numerator Denominator 2019 $ Earnings (Net Loss) per Share s s (0.08) IS 1.12 2020 (184,500) X 2.420,900 X 1 3,326.700 X/ IS 2,190,000 % - 2,155,000 X = 2.111,500 X 2021 IS S 1.58