Business Course Return to course Calculating EPS: Simple Capital Structure Select Corporation was incorporated on January 2, 2020. The following information pertains to Select Corporation's 2020 common stock transactions Jan. 2 Number of shares authorized 650,000 Jan 2 Numbe shares issued 221,000 JUL 1 Number of shares reacquired but not canceled 13,000 Sept. 1 Two for one stock split Dec. 1 Reissued shares of treasury stock 13,000 Required a. Determine the weighted-average number of shares of Select Corporation's common stock outstanding Note: Round amount to the nearest whole number Number of shares 0 b. Compute earnings per share for 2020 considering the following additional information: 1. Net income: $825,000 2. Preferred stock, 5%, cumulative 13,000 shares outstanding 510 par value per share 3. Preferred stock dividends declared in 2020: 50 . Note: Round earnings per share amount to two decimal places Per Share Net Income Available to Weighted Avg. Common Common Stockholders Shares Outstanding 0 OS Fan EPS Check 0 Type here to search