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24. ABC Company earned $90,000 in income and paid cash dividends of $7,000 to preferred shareholders during the current year. The company had 15,500 weighted-average shares of common stock outstanding for the year. Calculate the company's earnings per share. In order to earn partial credit, display your calculation in detail. 25. ZY X Corporation had the following balances in its stockholders' equity accounts at December 31, 2018: Common Stock, $10 par, 500,000 shares authorized, 20,000 shares issued ....................................... $200,000 Paid-in Capital in Excess of Far Value, Common ......... 250,000 Retained Earnings ............................................... 500,000 Treasury Stock, 1,000 shares ................................. w Tomi stockholders' equity ...................................... $930,000 The following transactions occurred during 2019: February 3 Sold and issued 2,000 shares of common stock for $22 per share. May 10 Declared a $0.50 per share dividend on common stock. October 12 Sold 500 shares of the treasury stock for $20 per share. December 31 Net income for the year was determined to be $75,000. Based on the above information, prepare a statement of stockholders' equity for 2018. Use Iefarm below. Page 11 ZYX Corporation Statement of Stockholders' Equity December 31, 2019 Paidin Capital in Excess of Common Par Value, Retained Treasury Stock Common Earnings Stock Total Equity Balance, December 31, 2017 $200,000 $250,000 $500,000 $(20,000) $930,000 Pa-e11of25