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  3. on january 1, 2021, splish corp. had 480,000 share

On January 1, 2021, Splish Corp. had 480,000 shares of common stock outstanding. During 2021,...

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Accounting

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On January 1, 2021, Splish Corp. had 480,000 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 Assume that Splish Corp. earned net income of $3,500,000 during 2021. In addition, it had 96,000 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, e.8. $2.55.) Earnings Per Share 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 places, es. \$2.55.) Earnings Per Share Assume the same facts as in part (b), except that net income included a loss from discontinued operations of $452,000 (het of tax). Compute earnings per share for 2021. (Round answer to 2 decimal places, eg. \$2.55.)

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