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  3. on january 1, 2015, wilke corp. had 576,000 shares

On January 1, 2015, Wilke Corp. had 576,000 shares of common stock outstanding. During 2015,...

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Accounting

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On January 1, 2015, Wilke Corp. had 576,000 shares of common stock outstanding. During 2015, it had the following transactions that affected the Common Stock account. Determine the weighted-average number of shares outstanding as of December 31, 2015. Assume that Wilke Corp. earned net income of $3, 272,000 during 2015. In addition, it had 120,000 shares of 10%, $102 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 2015. Compute earnings per share for 2015, using the weighted-average number of shares determined in part (a). (Round answer to 2 decimal places, e.g. $2.55.) Assume the same facts as in pert (b), except that the preferred stock was cumulative. Compute earnings per share for 2015. (Round answer to 2 decimal places, e.g. $2.55.) Assume the same facts as in part (b), except that net income included an extraordinary gain of $869,000 and a loss from discontinued operations of $516,000. Both items are net of applicable income taxes. Compute earnings per share for 2015. (Round answer to 2 decimal places, e.g. $2.55.)

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