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Question 3 (6 points) The following information for Dunder Mifflin is available to you: Info 30,000 common shares outstanding on January 1, 20x1 5,000 preferred

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Question 3 (6 points) The following information for Dunder Mifflin is available to you: Info 30,000 common shares outstanding on January 1, 20x1 5,000 preferred shares, no-par, $1.30 (cumulative, nonconvertible) outstanding on January 1 2,000 shares sold on March 1, 20x1 1,000 shares sold on September 1, 20x1 2 for 1 Stock split recorded on October 1, 20x1 Net Income for the year $340,000 Required: Calculate the Basic EPS: Calculation for Weighted Average Number of Commons Shares outstanding: Calculation for Basic Earnings per Share

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