Question: Problem 2: 11 marks Mouse Inc reported $1,200,549 profit in 2023 and declared preferred dividends of $85,455. The following changes in common shares outstanding occurred

Problem 2: 11 marks Mouse Inc reported $1,200,549 profit in 2023 and declared preferred dividends of $85,455. The following changes in common shares outstanding occurred during the year. Required: Calculate the weighted average number of common shares outstanding during the year and the earnings per share. (Round to 2 decimal places) What is the effect of a share dividend on earnings per share? Problem 2: 11 marks Mouse Inc reported $1,200,549 profit in 2023 and declared preferred dividends of $85,455. The following changes in common shares outstanding occurred during the year. Required: Calculate the weighted average number of common shares outstanding during the year and the earnings per share. (Round to 2 decimal places) What is the effect of a share dividend on earnings per share

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