On January 1, 2021, Coronado Corp. had 468,000 shares of commonstock outstanding. During 2021, it had the following transactionsthat affected the Common Stock account. | February 1 | | Issued 115,000 shares | | March 1 | | Issued a 10% stock dividend | | May 1 | | Acquired 96,000 shares of treasury stock | | June 1 | | Issued a 3-for-1 stock split | | October 1 | | Reissued 63,000 shares of treasury stock |
Determine the weighted-average number of shares outstanding asof December 31, 2021. | The weighted-average number of shares outstanding | | |
    Assume that Coronado Corp. earned net income of $3,288,000during 2021. In addition, it had 105,000 shares of 9%, $100 parnonconvertible, noncumulative preferred stock outstanding for theentire year. Because of liquidity considerations, however, thecompany did not declare and pay a preferred dividend in 2021.Compute earnings per share for 2021, using the weighted-averagenumber of shares determined in part (a). (Round answerto 2 decimal places, e.g. $2.55.) Assume the same facts as in part (b), except that the preferredstock was cumulative. Compute earnings per share for 2021.(Round answer to 2 decimal places, e.g.$2.55.)     Assume the same facts as in part (b), except that net incomeincluded a loss from discontinued operations of $411,000 (net oftax). Compute earnings per share for 2021. | | |
