$($c$)$

Your answer is incorrect.

Assume the same facts as in part $($b$),$ except that the preferred stock was cumulative. Compute earnings per share for $2026.($Round answer to $2$ decimal places, e$.$g$.2\mathrm{.}55.)$

Earnings per share $\backslash$$

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Attempts: $2$ of $3$ used

$($d$)$

The parts of this question must be completed in order. This part will be available when you complete the part above. Your answer is correct.

Determine the weighted$-$average number of shares outstanding as of December $31,2026.$

The weighted$-$average number of shares outstanding

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$($b$)$

Your answer is correct.

Assume that Oriole Corp. earned net income of $\backslash$$$3,577,000$ during $2026.$ In addition, it had $101,000$ shares of $\backslash (9\backslash \%,\backslash$$ $100\backslash )$ par nonconvertible, noncumulative preferred stock outstanding for the entire year. Because of liquidity considerations, however, the company did not declare and pay a preferred dividend in $2026.$ Compute earnings per share for $2026,$ using the weighted$-$average number of shares determined in part $($a$).($Round answer to $2$ decimal places, e$.$g$.2\mathrm{.}55.)$

Earnings per share On January $1,2026,$ Oriole Corp. had $459,000$ shares of common stock outstanding. During $2026,$ it had the following transactions that affected the common stock account.

February $1$ Issued $123,000$ shares

March $1$ Issued a $10\backslash \%$ stock dividend

May $1$ Acquired $101,000$ shares of treasury stock

June $1$ Issued a $3-$for$-1$ stock split

October $1$ Reissued $57,000$ shares of treasury stock

$($a$)$

V Your answer is correct.

Determine the weighted$-$average number of shares outstanding as of December $31,2026.$

The weighted$-$average number of shares outstanding

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