On January 1, 2021, Flint 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 shares outstanding (b) Assume that Flint 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 company 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 answer to 2 decimal places, eg. $2.55.) Earnings Per Share \$ eTextbook and Media Attempts: 0 of 3 used Using multiple attempts will impact your score. 5% score reduction after attempt 2
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