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Assume that Oriole Corp. earned net income of $3,395,000 during 2026 . In addition, it had 104,000 shares of 10%,$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 2026. Compute earnings per share for 2026 , using the weighted-average number of shares determined in part (a). (Round answer to 2 decimal ploces, eg. 2.55.) Earnings per share Your answer is correct. Determine the weighted-average number of shares outstanding as of December 31, 2026. The weighted-average number of shares outstanding On January 1.2026, Oriole Corp. had 482,000 shares of common stock outstanding. During 2026, it had the following transactions that affected the common stock account. On January 1,2026, Oriole Corp. had 482,000 shares of common stock outstanding. During 2026, it had the following transactions that affected the common stock account. Assume that Oriole Corp. earned net income of $3,395,000 during 2026 . In addition, it had 104,000 shares of 10%,$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 2026. Compute earnings per share for 2026 , using the weighted-average number of shares determined in part (a). (Round answer to 2 decimal places, e.g. 2.55.) Earnings per share eTextbook and Media

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