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On January 1, 2021, Bridgeport Corp, had 487,000 shares of common stock outstanding. During 2021,...

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Accounting

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On January 1, 2021, Bridgeport Corp, had 487,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account Determine the weighted average number of shares outstanding as of December 31,2021. The weighted-average number of stares outstanding Assume that Bridgeport Corp. earned net income of $3,601,000 during 2021. In addition, it had 100,000 shares of 9%,$100 par nonconvertible, noncumulative preferred stock outstanding for the entire year, Because of liquidity considerations, however, the compary did not declare and pay a preferred dividend in 2021. Compute earnings per share for 2021, using the weighted-average number of shares determined in part (a). (Round onswer to 2 decimal ploces, es. \$2.55.) Earnings PerShare $5 eTextbook and Medla Assume the same facts as in part (b), except that the preferred stock was cumulative. Compute earnings per share for 2021. (Round answer to 2 decimal ploces, es. \$2.55) Eamings Per Share 5 Assume the same facts as in part (b), except that net income included a loss from discontinued operations of $421,000 (net of tax). Compute earnings per share for 2021 . (Round answer to 2 decinal places, eg. \$2.55)

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