H1.Account Assume that Sheridan Corp, earned net income of $3,330,000 during 2026. In addition, it had 96,000 shares of 9%, $100 parnonconvertible, noncumulative preferred stock outstanding for the entire year. Because of liquidity considerations, however, thecompany did not declare and pay a preferred dividend in 2026. Compute earnings per share for 2026, using the weighted-average:number of shares determined in part (a). (Round answer to 2 decimal places, e.g. 2.55.)Earnings per share.$Show Transcribed Text(d)Assume the same facts as in part (b), except that the preferred stock was cumulative. Compute earnings per share for2026. (Round answer to 2 decimal places, e.g. 2.55.)Earnings per share $Your answer is incorrect.1.87Earnings per shareAssume the same facts as in part (b), except that net income included a loss from discontinued operations of $431.000 (net of tax).Compute earnings per share for 2026. (Round answers to 2 decimal places, e.g. 2.55.)Show Transcribed Text1.38 On January 1, 2026, Sheridan Corp. had 488,000 shares of common stock outstanding. During 2026, it had the following transactionsthat affected the common stock account.February 1March 1May 1June 1October 1Issued 115,000 sharesIssued a 10% stock dividendAcquired 96,000 shares of treasury stockIssued a 3-for-1 stock splitReissued 61,000 shares of treasury stockShow Transcribed TextĆDetermine the weighted-average number of shares outstanding as of December 31, 2026.The weighted-average number of shares outstandingeTextbook and Media1781525

Stock Dividend Stock Dividend - It is a process wherein company distributes the shares to its…

Assume that Sheridan Corp. earned net income of $3,330,000 during 2026. In addition, it had 96,000 shares of 9%, $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 2026. Compute earnings per share for 2026, using the weighted-average number of shares determined in part (a). (Round answer to 2 decimal places, e.g. 2.55.) Earnings per share 187