calculating eps: simple capital structure select corporation was incorporated on january 2, 2020. the following information pertains to select corporation's 2020 common stock transactions. jan. 2 number of shares authorized 600,000 jan. 2 number of shares issued 204,000 jul. 1 number of shares reacquired but not canceled 12,000 sept. 1 two-for-one stock split dec. 1 reissued shares of treasury stock 12,000 required a. determine the weighted-average number of shares of select corporation's common stock outstanding. note: round amount to the nearest whole number. number of shares answer b. compute earnings per share for 2020 considering the following additional information: net income: $858,000 preferred stock, 5%, cumulative 12,000 shares outstanding, $10 par value per share preferred stock dividends declared in 2020: $0 Note: Round earnings per share amount to two decimal places.
1.Net Income Available to Common Stockholders
2.Weighted Avg. Common Shares Outstanding
3.Per Share
