question1

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 CORPORATIONStatements of Retained EarningsFor the Years Ended December 31202120202019Balance at beginning of year$7,131,692$5,649,452$5,814,552Net income (loss)3,327,7002,430,900(165,100)Deductions:Stock dividend (41,200 shares)261,000Common shares retired, September 30 (150,000 shares)231,660Common stock cash dividends908,950717,0000Balance at end of year$9,289,442$7,131,692$5,649,452

At December 31, 2018, paid-in capital consisted of the following:

Common stock, 2,210,000 shares at $1 par$2,210,000Paid in capitalexcess of par7,610,000

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.)

YearNumerator/Denominator=Earnings (Net Loss) per Share2019/=2020/=2021/=

question2 On December 31, 2020, Berclair Inc. had 225 million shares of common stock and 4 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2021, Berclair purchased 30 million shares of its common stock as treasury stock. Berclair issued a 4% common stock dividend on July 1, 2021. Four million treasury shares were sold on October 1. Net income for the year ended December 31, 2021, was $200 million.

Also outstanding at December 31 were 30 million incentive stock options granted to key executives on September 13, 2016. The options were exercisable as of September 13, 2020, for 30 million common shares at an exercise price of $35 per share. During 2021, the market price of the common shares averaged $70 per share.

The options were exercised on September 1, 2021.

Required:

Compute Berclair's basic and diluted earnings per share for the year ended December 31, 2021.(Enter your answers in millions (i.e., 10,000,000 should be entered as 10). Do not round intermediate calculations.)

Numerator/Denominator=Earnings per ShareBasic$

164/=0Diluted/=0