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Select Corporation was incorporated on January 2, 2020. The following information pertains to Select Corporation's 2020 common stock transactions. Net income: $330,000. Convertible Preferred stock,
Select Corporation was incorporated on January 2, 2020. The following information pertains to Select Corporation's 2020 common stock transactions. Net income: $330,000. Convertible Preferred stock, 5%, cumulative, 5,000 shares, $10 par value per share. Preferred dividends declared in 2020: $0 Jan. 2 Number of shares authorized Jan. 2 Number of shares issued Jul. 1 Number of shares reacquired but not canceled Sept. 1 Two-for-one stock split Dec. 1 Reissued shares of treasury stock. 250,000 85,000 5,000 5,000 Weighted Avg Shares outstanding are 165,000 and Basic Earnings Per Share is $2.00/share A. Weighted Avg Shares outstanding are 165,417 and Basic Earnings Per Share is $2.10/share B. Weighted Avg Shares outstanding are 165,417 and Basic Earnings Per Share is $1.98/share C. Weighted Avg Shares outstanding are 165,000 and Basic Earnings Per Share is $1.90/share D
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