View Policies Current Attempt in Progress On January 1, 2021, Vaughn Corp. had 474,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. Assume the same facts as in part (b), except that the preferred stock was cumulative. Compute earnings per share for 2021. (Round answer to 2 decimal places, eg. $2.55.) Earnings Per Share Determine the weighted-average number of shares outstanding as of December 31,2021. The weighted-average number of shares outstanding eTextbook and Media Attempts: 1 of 3 used (b) Your answer is correct. Assume that Vaughn Corp. earned net income of $3,346,000 during 2021. In addition, it had 103,000 shares of 9%,$100 par nonconvertible, noncumulative preferred stock outstanding for the entire year. Because of liquidity considerations, however, the company did not declare and pay a preferred dividend in 2021 . Compute earnings per share for 2021 , using the weightedaverage number of shares determined in part (a). (Round answer to 2 decimal places, e.8. \$2.55.) Earnings Per Share