NEED THE ANSWER AND STEPS FOR PAR C , THE ANSWER IS NOT 2.00.

On January 1, 2021, Marin Corp. had 487,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. February 1 Issued 122,000 shares March 1 Issued a 10% stock dividend May 1 Acquired 99,000 shares of treasury stock June 1 Issued a 3-for-1 stock split October 1 Reissued 58,000 shares of treasury stock (a) Your answer is correct. Determine the weighted-average number of shares outstanding as of December 31, 2021. The weighted-average number of shares outstanding 1,792,650 (b) Your answer is correct. Assume that Marin Corp. earned net income of $3,601,000 during 2021. In addition, it had 100,000 shares of 9%, $ 100 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 2021. Compute earnings per share for 2021, using the weighted average number of shares determined in part (a). (Round answer to 2 decimal places, e.g. $2.55.) Earnings Per Share $ 2.00 (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 2021. (Round answer to 2 decimal places, e.g. $2.55.) Earnings Per Share $ 2.00