solve a managerial accounting problem

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please post a solution to this problem:

a company reported eps of $2 (or $2,400,000/1,200,000 shares) for 2006 ending the year with 1,200,000 shares outstanding. in 2007 the company earned net income of $7,680,000, issued 320,000 shares of common stock for cash on september 30, and distributed a 100% stock dividend on december 31, 2007. compute eps for 2007 and compare the adjusted earnings per share for 2006 that would be shown in the 2007 annual report.
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