Comparative Statements of Retained Earnings for Renn-Dever Corporation were reported as follows for the fiscal years ending December 31, 2019, 2020, and 2021.

At December 31, 2018, paid-in capital consisted of the following:

Common stock, 1,855,000 shares at $1 par ......$ 1,855,000Paid in capital?excess of par .................................7,420,000

No preferred stock or potential common shares were outstanding during any of the periods shown.

Required:Compute Renn-Dever?s earnings per share as it would have appeared in income statements for the years ended December 31, 2019, 2020, and 2021.

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RENN-DEVER CORPORATION Statements of Retained Earnings For the Years Ended December 31 2021 2020 2019 Balance at beginning of year Net income (loss) $6,794,292 $5,464,052 $5,624,552 (160,500) 3,308,700 2,240,900 Deductions: Stock dividend (34,900 shares) Common shares retired, September 30 (110,000 shares) Common stock cash dividends Balance at end of year 242,000 212,660 889,950 698,000 $8,971,042 $6,794,292 $5,464,052