PUNTER VERSION Exercise 17-5 On January 1, 2020, Sandhill Ltd. had 570,000 common shares outstanding. During 2020, it had the following transactions that affected the common share account: Feb. 1 Issued 195,000 shares. Mar. 1 Issued a 17% stock dividend. May 1 Acquired 222,000 common shares and retired them. June 1 Issued a 2-for-1 stock split. Oct. 1 Issued 64,000 shares. The company's year end is December 31. X] your answer is incorrect. Try again. Determine the weighted average number of shares outstanding as at December 31, 2020. (Round answer to o decimal places, e.g. 5.275.) Weighted average number of shares outstanding 600750 shares LINK TO TEXT BADE NE x Your answer is incorrect. Try again. Assume that Sandhill earned net income of $3,227,000 during 2020. In addition, it had 100,000 of 8%, $100 par non-convertible, non-cumulative preferred share outstanding for the entire year. Because of liquidity limitations, however, the company did not decare and pay a preferred dividend in 2020. Calculate earnings per share for 2020, using the weighted average number of shares determined above. (Round answer to 2 decimal places. 15.2.) Earnings per share 1217500 LINK TO TEXT Ex Your answer is incorrect. Try again. Assume that Sandhill earned net income of $3,227,000 during 2020. In addition, it had 100,000 of 8%, $100 par non-convertible cumulative preferred share outstanding for the entire year. Because of liquidity limitations, however, the company did not declare and pay a preferred dividend in 2020, Calculate earnings per share for 2020, to the weighted average number of shares determined above. (Round answer to 2 decimal places. 15.25.) Earnings per share 2.65 LINK TO TEXT Your answer is incorrect. Try again. Assume that Sandhill earned net income of $3,227,000 during 2020. In addition, it had 100,000 of 8% $100 par, non-convertible, non-cumulative preferred shares outstanding for the entire year. Because of liquidity limitations, however, the company did not declare and pay a preferred dividend in 2020. Assume that net income induded a loss from discontinued operations of $405,000, net of applicable income taxes. Calculate earnings per share for 2020. (Round answers to 2 decimal places, eg 15.25.) Earnings per share 3227000 Income from continuing operations Loss from discontinued operations 405000 Net Income 1217500 LINK TO TEXT