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On January 1,2026, Pharoah Corp. had 484,000...

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Accounting

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On January 1,2026, Pharoah Corp. had 484,000 shares of common stock outstanding. During 2026, it had the following transactions that affected the common stock account. Assume that Pharoah Corp. earned net income of $3,296,000 during 2026. In addition, it had 99,000 shares of 9%,$100 par nonconvertible, noncumulative preferred stock outstanding for the entire year. Beciuse of liquidity considerations, however, the company did not declare and pay a preferred dividend in 2026. Compute earnings per share for 2026, using the weighted-average number of shares determined in part (a). (Round answer to 2 decimal places, es. 2.55.) Earnings per share eTextbook and Media Attempts: 1 of 3 used (c) Assume the same facts as in part (b), except that the preferred stock was cumulative. Compute earnings per share for 2026. (Round answer to 2 decimal places, eg. 2.55.) Earnings per share 5 Assume the same facts as in part (b), except that net income included a loss from discontinued operations of $413,000 (net of tax). Compute earnings per share for 2026. (Round answers to 2 decimal places, es. 2.55.) Earnings per share $

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