Hardaway Fixtures' balance sheet at December 31, 2020, included the following: Shares issued and outstanding: Common...

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Hardaway Fixtures' balance sheet at December 31, 2020, included the following: Shares issued and outstanding: Common stock, $1 par Nonconvertible preferred stock, $50 par $ 940,000 15,000 On July 21, 2021, Hardaway issued a 25% stock dividend on its common stock. On December 12, it paid $40,000 cash dividends on the preferred stock. Net income for the year ended December 31, 2021, was $3,400,000. Required: Compute Hardaway's earnings per share for the year ended December 31, 2021. (Enter your answers in thousands. Do not round intermediate calculations.) Numerator Denominator = Earnings per Share = Hardaway Fixtures' balance sheet at December 31, 2020, included the following: Shares issued and outstanding: Common stock, $1 par Nonconvertible preferred stock, $50 par $ 940,000 15,000 On July 21, 2021, Hardaway issued a 25% stock dividend on its common stock. On December 12, it paid $40,000 cash dividends on the preferred stock. Net income for the year ended December 31, 2021, was $3,400,000. Required: Compute Hardaway's earnings per share for the year ended December 31, 2021. (Enter your answers in thousands. Do not round intermediate calculations.) Numerator Denominator = Earnings per Share =

Answer rating: 100% (QA)

Numerator Net income for 2021 3400000 Denominator Original common shares 940000 1 940000 shares ... View the full answer