0/1 E !Your ArswerCorrect Answer (Used)Determine the weighted-average number of shares outstanding as of December 31, 2021.The weighted-average number of shares outstanding1.709,350(b)Assume...

Extracted text: Question 1 of 2 <> 0/1 E ! Your Arswer Correct Answer (Used) Determine the weighted-average number of shares outstanding as of December 31, 2021. The weighted-average number of shares outstanding 1.709,350 (b) Assume that Flounder Corp. earned net income of $3,383,000 during 2021, In addition, it had 96,000 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 2021. Compute earnings per share for 2021, using the weighted-average number of shares determined in part (a). (Round answer to 2 decimal places, eg. $2.55.) Earnings Per Share eTextbook and Media


Extracted text: Show Attempt History Current Attempt in Progress On January 1, 2021, Flounder Corp. had 459,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. February 1 Issued 126.000 shares March 1 Issued a 10% stock dividend May 1 Acquired 101.000 shares of treasury stock June 1 Issued a 3-for-1 stock split October 1 Reissued 62,000 shares of treasury stock