Question: Circuit Inc. has $380,000 of income in 2020. During that same time it declared preferred dividends in the amount of $21,000. The following activities affecting

Circuit Inc. has $380,000 of income in 2020. During that same time it declared preferred dividends in the amount of $21,000. The following activities affecting common shares occurred during the year Jan, 1 160,000 common shares were outstanding Aug Sep. 1 Sold 39,000 common shares 1 Issued a 10 percent common stock dividend 1. Calculate the weighted-average number of common shares outstanding during the year. 2. Calculate earnings per share. 1. Calculate the weighted-average number of common shares outstanding during the year. (Round final answers to the nearest whole number.) Weighted average number of common Transaction shares outstanding Jan. 1 Aug. 1 Sep. 1 Total

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