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The 2017 annual report of Software City, Inc., included the following comparative summary of earnings...

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Accounting

The 2017 annual report of Software City, Inc., included the following comparative summary of earnings per share over the last three years.

2017 2016 2015
Earnings per share $ 3.15 $ 2.40 $ 1.64

In 2018, Software City, Inc., declared and distributed a 2-for-1 stock split. Following this distribution of stock, the company reported earnings per share of $1.88 for 2018.

a. Prepare a three-year schedule similar to the one given, but compare earnings per share during the years 2018, 2017, and 2016. (Hint: All per-share amounts in your schedule should be based on the number of shares outstanding after the stock dividend.) (Round your answers to 2 decimal places.)

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