Question: Required: 1. Compute earnings per share. Assume the weighted average shares outstanding is equal to the shares outstanding. Round your answer to 2 decimal places.

The financial statements for Highland Corporation included the following selected information: Common stock

Required:

1. Compute earnings per share. Assume the weighted average shares outstanding is equal to the shares outstanding. Round your answer to 2 decimal places.

2. What is the amount of additional paid-in capital?

3. How many shares are in treasury stock?

4. What was the amount of retained earnings at the beginning of the year?

The financial statements for Highland Corporation included the following selected information: Common stock Retained earnings Net income Shares issued Shares outstanding Dividends declared and paid The common stock was sold at a price of $24 per share. $ 950,000 $ 730,000 $ 1,000,000 95,000 64,000 $ 770,000

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