On January 1, 2021, Pharoah Corp. had 491,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account.
February 1
Issued 116,000 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 59,000 shares of treasury stock
Assume the same facts as in part (b), except that the preferred stock was cumulative. Compute earnings per share fAssume the same facts as in part (b), except that net income included a loss from discontinued operations of $443,000 (net of tax). Compute earnings per share for 2021.or 2021?