Question 1 At December 31, 2010 "ABC" Company had 300,000 shares of common stock and 10,000 shares of 5%, $100 par value cumulative preferred stock outstanding. No dividends were de- clared on either the preferred or common stock in 2010 or 2011. On December 31, 2011, and prior to the issuance of its financial statements for the year ended December 31, 2011, "ABC" declared a 100% stock dividend on its common stock. Net income for 2011 was $950,000. In its 2011 financial statements, "ABC" 2011 earnings per common share should be presented with an amount of Required: Based on the above given information, and in the space given below, show the presentation of the EPS on the Income statement for the year ended December 31, 2011 Question 2 On January 1, 2019, "ABC" Corporation had 1,000,000 shares of common stock outstanding. On March 1, the corporation issued 150,000 new shares to raise additional capital. On July 1, the corporation declared and issued a 2-for-1 stock split. On October 1, the corporation purchased on the market 600,000 of its own outstanding shares and retired them. Required: Based on the above given information, and in the space given below, Compute the weighted average number of shares to be used in computing earnings per share for 2019. Question 3 On January 1, 2019, "ABC" Corporation had 480,000 shares of common stock outstanding. During 2019, it had the following transactions that affected the Common Stock account. February 1 Issued 120,000 shares October 1 Reissued 60,000 shares of treasury stock May 1 Acquired 100,000 shares of treasury stock March 1 Issued a 20% stock dividend June 1 Issued a 3-for-1 stock split Required: Based on the above given information, and in the space given below, Compute the weighted average number of shares to be used in computing earnings per share for 2019