On January 1, 2018, Skysong Corp. had 469,000 shares of commonstock outstanding. During 2018, it had the following transactionsthat affected the Common Stock account.

February 1		Issued 115,000 shares
March 1		Issued a 10% stock dividend
May 1		Acquired 101,000 shares of treasury stock
June 1		Issued a 3-for-1 stock split
October 1		Reissued 62,000 shares of treasury stocks

Determine the weighted-average number of shares outstanding asof December 31, 2018.

The weighted-average number of sharesoutstanding

enter the weighted-average number of shares outstandingas of December 31, 2018

Assume that Skysong Corp. earned net income of $3,354,000 during2018. In addition, it had 101,000 shares of 8%, $100 parnonconvertible, noncumulative preferred stock outstanding for theentire year. Because of liquidity considerations, however, thecompany did not declare and pay a preferred dividend in 2018.Compute earnings per share for 2018, using the weighted-averagenumber of shares determined in part (a). (Round answerto 2 decimal places, e.g. $2.55.)

Earnings Per Share

$enter earnings per share rounded to 2 decimalplaces

Assume the same facts as in part (b), except that the preferredstock was cumulative. Compute earnings per share for 2018.(Round answer to 2 decimal places, e.g.$2.55.)

Earnings Per Share

$enter earnings per share rounded to 2 decimalplaces

Assume the same facts as in part (b), except that net incomeincluded a loss from discontinued operations of $418,000 (net oftax). Compute earnings per share for 2018. (Roundanswer to 2 decimal places, e.g. $2.55.)