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  3. comparative statements of retained earnings for re

Comparative Statements of Retained Earnings for Renn-Dever Corporation were reported as follows for the fiscal...

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Comparative Statements of Retained Earnings for Renn-Dever Corporation were reported as follows for the fiscal years ending December 31, 2016, 2017, and 2018. RENN-DEVER CORPORATION Statements of Retained Earnings For the Years Ended December 31 2017 $6,984,092 $5,565, 852 $5,734,552 2,350,900 2018 2016 Balance at beginning of year Net income (loss) 3,319,700 (168,700) Deductions: Stock dividend (38,000 shares) Common shares retired, September 30 (150,000 shares) Common stock cash dividends 253,000 223,660 709,000 $9,149,842 $6,984, 092 $5,565,852 900,950 Balance at end of year At December 31, 2015, paid-in capital consisted of the following: Common stock, 2,050,000 shares at $1 par, Paid in capital-excess of par $2,050,000 7,530,000 No preferred stock or potential common shares were outstanding during any of the periods shown. Required: Compute Renn-Dever's earnings per share as it would have appeared in income statements for the years ended December 31, 2016, 2017, and 2018. (Negative amounts should be indicated by a minus sign.) Earnings (Net Loss) per Share Year Numerator Denominator 2016 2017 2018

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