XCO A Remaining Time: 1 hour, 19 minutes, 24 seconds. Question Completion Status: QUESTION 28 Ellis Corporation had net income of $500.000 and paid dividends of $20.000 to preferred stockholders in 2017 There are 400.000 weighted average shares of common stock outstanding Ellis Corporation's earnings per share for 2017 was $1.25 $1.20 $6.20 $5.00 QUESTION 29 A prior period adjustment for understatement of net income will increase Retained Earnings be shown as a gain on the current year's Income Statement decrease Retained Earnings be shown as an asset on the current year's Balance Sheet ho QUESTION 30 Slater Roofing Company purchased 600 shares of treasury stock for $27 per share and resells the 600 shares of treasury stock for $29 per share. In the entry to