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The following information is available for Barone Corporation: Shares outstanding Shares issued Treasury shares purchased 90,000 1,500,000 240,000 January 1, 2020 April 1, 2020 July 1, 2020 October 1, 2020 December 31, 2020 Shares Issued Shares Dividends (40%) 10,000 At December 31, 2020 Company had 1,000 shares of 6%, $100 par value preferred stock outstanding. Earnings before interest and taxes $120,000. Degree of financial leverage 1.2 times and tax rate 30%. following: a. Total number of outstanding common shares at December 31,2020. b. b. Weighted average number of outstanding common shares. c. Net income for the year 2020 $. d. Income available for common shares for the year 2020 S. e. Earnings per share for the year 2020

The following information is available for Barone Corporation: Shares outstanding Shares issued Treasury shares purchased 90,000 1,500,000 240,000 January 1, 2020 April 1, 2020 July 1, 2020 October 1, 2020 December 31, 2020 Shares Issued Shares Dividends (40%) 10,000 At December 31, 2020 Company had 1,000 shares of 6%, $100 par value preferred stock outstanding. Earnings before interest and taxes $120,000. Degree of financial leverage 1.2 times and tax rate 30%. following: a. Total number of outstanding common shares at December 31,2020. b. b. Weighted average number of outstanding common shares. c. Net income for the year 2020 $. d. Income available for common shares for the year 2020 S. e. Earnings per share for the year 2020

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