Question: Eurrent Attempt in Progress On December 3 1 , 2 0 2 3 , Ivanhoe Corporation had 8 , 0 0 0 , $ 2

Eurrent Attempt in Progress
On December 31,2023, Ivanhoe Corporation had 8,000, $2 preferred shares and 92,800 common shares issued. During 2024, the company completed the following share transactions:
Apr. 1 Sold 11,600 common shares for $8,000 cash.
Sept. 30 Reacquired 6,000 common shares for $2,000 cash.
Ivanhoe's profit in 2024 was $460,000.
Calculate the weighted average number of common shares for 2024.
Weighted average number of shares Calculate earnings per share under each of the following independent assumptions:
Preferred shares are cumulative and dividends were
(i) declared.
(ii) not declared.
Preferred shares are noncumulative and dividends were
(i) declared.
(ii) not declared.
(Round answers to 2 decimal places, es.5.76.)
(i) Earnings per share $
(ii) Earnings per share 5
2.(i) Earnings per share $
(ii) Earnings per share
$
Eurrent Attempt in Progress On December 3 1 , 2 0

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