1. SunlandCorporation had 2020 net income of $1,366,000. During 2020,Sunlandhas not declared or paid any dividend on82,000cumulative preferred shares.Sunlandalso had180,000common shares outstanding during the year. The preferred shares pay an annual dividend of $7per share.

CalculateSunland's 2020 earnings per share.(Round answer to 2 decimal places, e.g. 15.25.)

Earnings per share$

enter Earnings per share in dollars rounded to 2 decimal places

2.BlossomCorporation had 2020 net income of $1million. During 2020,Blossompaid a dividend of $3per share on80,000preferred shares.Blossomalso had250,000common shares outstanding during the year.

CalculateBlossom's 2020 earnings per share.(Round answer to 2 decimal places, e.g. 15.25.)

Earnings per share$

enter Earnings per share in dollars rounded to 2 decimal places

3.SheridanCorporation had 2020 net income of $870,000. During 2020,Sheridanhas not declared or paid any dividend on107,000non-cumulative preferred shares.Sheridanalso had150,000common shares outstanding during the year.

CalculateSheridan's 2020 earnings per share.(Round answer to 2 decimal places, e.g. 15.25.)

Earnings per share$

enter Earnings per share in dollars rounded to 2 decimal places

4.GrouperCosmetic Inc. (ACI), a cosmetic product manufacturer, is a publicly listed company.ACI is preparing earnings per share data for 2020.The following is a summary of the activity for ACI during 2020:

619,000common shares issued and outstanding at December 31, 201996,000common shares issued for cash on April 1, 2020Repurchased57,600common shares on June 1, 2020Two-for-one stock split on September 1, 2020

Calculate the weighted average number of shares outstanding for the year ended December 31, 2020.

Weighted average number of common sharesEnter your answer in accordance to the question statement