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ssified balance sheet in good form as of December 31, 2022. years 2022 and 2021. (Dollars are in thousands, except share information.) E2.8 (LO

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ssified balance sheet in good form as of December 31, 2022. years 2022 and 2021. (Dollars are in thousands, except share information.) E2.8 (LO 2), AP Suppose the following information is available for Callaway Golf Company for the Net sales Net income (loss) Total assets 2022 $ 1,117,204 66,176 855,338 2021 $ 1,124,591 54,587 838,078 Share information Common shares outstanding at year-end Preferred dividends 64,507,000 -0- There were 73,139,000 shares of common stock outstanding at the end of 2020. Instructions a. What was the company's earnings per share for each year? 66,282,000 -0- b. Based on your findings above, how did the company's profitability change from 2021 to 2022? c. Suppose the company had paid dividends on preferred stock and on common stock during the year. How would this affect your calculation in part (a)?

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