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  3. problem 19-9 eps from statement of retained earnin

Problem 19-9 EPS from statement of retained earnings [L019-4, 19-5, 19-6 Comparative Statements of Retained...

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Problem 19-9 EPS from statement of retained earnings [L019-4, 19-5, 19-6 Comparative Statements of Retained Earnings for Renn-Dever Corporation were reported as follows for the nscal years ending December 31, 2016, 2017, and 2018. RENN-DEVER CORPORATION Statements of Retained Earnings For the Years Ended December 31 017 $6,851,992 $5,497,752 $5,654, 552 3,311,700 2,270,900 (156, 880) 2018 2016 Balance at beginning of year Net income (loss) Deductions: Stock dividend (34,000 shares) Common shares retired, September 30 (130,000 shares) Common stock cash dividends 245,000 215,660 892,950781,800e Balance at end of year $9,025,742 $6,851,992 $5,497,752 At December 31, 2015, paid-In capital consisted of the following: Common stock, 1,830,e00 shares at $1 par,$1,830,00 Paid in capital-excess of par 7,450,000 No preferred stock or potential common shares were outstanding during any of the perods shown. Required: Compute Renn-Dever's earnings per share as it would have appeared in income statements for the years ended December 31, 2016, 2017, and 2018. (Negatlive amounts should be Indicated by a minus sign.) Year Numerator DenominmatorEarnings uNet Lossi 2016 2017

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