Question: Please explain what I am doing wrong? Hardaway Fixtures' balance sheet at December 31, 2017, included the following: Shares issued and outstanding: Common stock, $1

Please explain what I am doing wrong? Hardaway Fixtures' balance sheet

Please explain what I am doing wrong?

Hardaway Fixtures' balance sheet at December 31, 2017, included the following: Shares issued and outstanding: Common stock, $1 par Nonconvertible preferred stock, $50 par $1,080,000 25,000 On July 21, 2018, Hardaway issued a 25% stock dividend on its common stock. On December 12 it paid $75,000 cash dividends on the preferred stock. Net income for the year ended December 31, 2018, was $4,800,000. Required: Compute Hardaway's earnings per share for the year ended December 31, 2018. (Enter your answers in thousands.) Answer is complete but not entirely correct. Numerator Denominator Earnings per Share 4,725,000 X 1,350,000 X 3.50 $

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