On January 1, 2020, Sunland Ltd. had 660,000 common shares outstanding. During 2020, it had the following transactions that affected the common share account:

Feb. 1 Issued 160,000 shares.

Mar. 1 Issued a 18% stock dividend.

May 1 Acquired 183,000 common shares and retired them.

June 1 Issued a 3-for-1 stock split. Oct. 1 Issued 54,000 shares.

The companys year end is December 31.

a.) Determine the weighted average number of shares outstanding as at December 31, 2020.

b.) Assume that Sunland earned net income of $3,373,000 during 2020. In addition, it had 110,000 of 10%, $100 par, non-convertible, noncumulative preferred shares outstanding for the entire year. Because of liquidity limitations, however, the company did not declare and pay a preferred dividend in 2020. Calculate earnings per share for 2020, using the weighted average number of shares determined above.

c.) Assume that Sunland earned net income of $3,373,000 during 2020. In addition, it had 110,000 of 10%, $100 par, non-convertible, cumulative preferred shares outstanding for the entire year. Because of liquidity limitations, however, the company did not declare and pay a preferred dividend in 2020. Calculate earnings per share for 2020, using the weighted average number of shares determined above.

d.) Assume that Sunland earned net income of $3,373,000 during 2020. In addition, it had 110,000 of 10%, $100 par, non-convertible, noncumulative preferred shares outstanding for the entire year. Because of liquidity limitations, however, the company did not declare and pay a preferred dividend in 2020. Assume that net income included a loss from discontinued operations of $460,000, net of applicable income taxes. Calculate earnings per share for 2020:

Earnings per share Income from continuing operations $ Loss from discontinued operations $ $ Net income $