Except for the earnings per share statistics, the 2019, 2020, and 2021 income statements for Ace Group Inc. were originally presentedas follows:Required:1. Calculate the 11 missing amounts. (Loss should be indicated by a minus sign.)SalesCosts and expensesProfit from continuing operationsGain (loss) on discontinued operationsProfit (loss)2019$ 477,855 $ 698,040$314,935202083,160$ 155,994 $ 535,700Information on Common Shares for Ace Group Inc. *Shares outstanding on December 31, 2018Purchase and retirement of shares on March 1, 2019Sale of shares on June 1, 2019Share dividend of 5% on August 1, 2019Shares outstanding on December 31, 2019Sale of shares on February 1, 2020Purchase and retirement of shares on July 1, 2020Shares outstanding on December 31, 2020Sale of shares on March 1, 2021Purchase and retirement of shares on September 1, 2021Share split of 3:1 on October 1, 2021Shares outstanding on December 31, 2021-+++-+-+2021$1,009,900329,070(110,075)34,3003,98014,6806,8601,99018,7605,2502. Calculate the weighted-average number of common shares outstanding during the following years: (Do not roundintermediate calculations. Round your answers to nearest whole number.)3. Prepare the earnings per share income statement presentation during the following years: (Round your answers to 2decimal places. Negative amounts should be indicated by a minus sign.)

Earnings Per Share (EPS) can be referred to as the earnings of a company allocated to each…

Answered: Except for the earnings per share…

Except for the earnings per share statistics, the 2019, 2020, and 2021 income statements for Ace Group Inc. were originally presented as follows:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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