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  3. on january 1, 2010, boxer company had 110,000 shar

On January 1, 2010, Boxer Company had 110,000 shares of common stock which were outstanding....

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Accounting

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On January 1, 2010, Boxer Company had 110,000 shares of common stock which were outstanding. During 2010 the following transactions took place: April 1- Repurchased 2,000 shares which were accounted for as Treasury Stock August 30-Sold all the treasury shares December Sold 10,000 shares for cash December 31-Reported Net Income in the amount of $200,000 Paid preferred dividends of 20,000 These transactions occurred in 2011: January 15: Declared and then issued at 20% stock dividend December 31: Boxer Company reported net income in the amount of $238.500. Requirements: Calculate Boxer Company's EPS for a simple capital structure for both years to be presented in comparative financial statements. Since these are to be comparative statements the stock dividend declared and preferred dividend will be applied to both years. The financial statements will then be prepared at the end of 2011

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