Weighted Average Shares: 1709350

- Your answer is partially correct. Assume the same facts as in part (b), except that net income included a loss from discontinued operations of $434,000 (net of tax). Compute earnings per share for 2021 . (Round answer to 2 decimal places, e.g. $2.55.) Your answer is correct. Assume that Flounder Corp. earned net income of $3,383,000 during 2021. In addition, it had 96,000 shares of 10%,$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 weighted-average number of shares determined in part (a). (Round answer to 2 decimal places, e.g. \$2.55.) Earnings Per Share $