Question#2:

Ivanhoe Corporation began its latest fiscal year on January 1, 2021, with 500,000 common shares outstanding. During the year, the following events occurred: On February 1, Ivanhoe sold 13,800 additional common shares. The company declared and issued a 25% stock dividend on March 1. On June 1, Ivanhoe repurchased and cancelled 3,450 common shares. An additional 4,600 common shares were issued on July 1. On September 1, Ivanhoe declared and issued a three-for-one stock split. On December 1, Ivanhoe issued an additional 14,400 shares. Following the fiscal year, Ivanhoe declared and issued a two-for-one stock split on February 1, 2022. The company issued its 2021 financial statements on April 30, 2022. Calculate the weighted average number of common shares that Ivanhoe should use for calculating its EPS numbers for 2021. Weighted average number of common shares For the year ended December 31, 2020, Windsor Corporation had income before taxes and discontinued operations of $1,160,000. During the year, Windsor disposed of one of its business segments for a gain of $280,000 before tax. Windsor had 50,000 common shares outstanding during the year. The company was subject to a 30% income tax rate. Prepare the income statement for Windsor Corporation beginning with the line "Income from continuing operations before income tax." (Round earnings per share values to 2 decimal places, e.g. 15.25.) Windsor Corporation Partial Income Statement For the Year Ended December 31, 2020 - Income from Continuing Operations Before Income Tax + $ 1160000 Basic Earnings per share