ASAP SOLVE ON NOTEBOOK New Pioneering Inc had 1000 preferred shares, $3, issued in...
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ASAP SOLVE ON NOTEBOOK
New Pioneering Inc had 1000 preferred shares, $3, issued in the beginning of the year 2020. The following changes in common shares outstanding during the year [2020] Jan 1 March 31 June 1 Aug 1 Oct 1 Nov 1 Dec 1 10000 common shares were issued Sold 15000common shares to shareholders Sold 2000 preferred shares Declared and issued a 10% common share dividend Repurchased 5500 shares Issued 7000 common shares Sold 2500 outstanding Preferred shares and 1200 common shares HINT: Read information from the beginning of the question Some additional information on the table below Table1 $ Revenue 180,000 Supplies Expense 5000 Cost of goods sold 75000 6000 Prepaid insurance expense Depreciation Expense Other expenses 9000 32000 I Repairs and maintenance expense Interest expense 5100 4800 Tax 17000 Required a) Calculate Preferred share Dividend b) Calculate the Net Income c) Calculate the weighted outstanding shares d) Calculate the Earning Per Share [ EPS] [40 marks]
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