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During the year ended December 31, 2014, Gluco, Inc., split its stock on a 4-for-1...

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Accounting

During the year ended December 31, 2014, Gluco, Inc., split its stock on a 4-for-1 basis. In its annual report for 2013, the firm reported net income of $924,200 for 2013, with an average 281,800 shares of common stock outstanding for that year. There was no preferred stock. Required: a. What amount of net income for 2013 will be reported in Gluco's 2014 annual report?

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