Answer Happy

2. The following transactions related to the shares of Champion Corporation took place during the 7 marks 2020 year: Number of common shares issued and outstanding at the beginning 1/1/2020 of the year: 111,436 2/29/2020 The company sold additional common shares. Number of common shares sold: 26,900 6/30/2020 The company declared a common share dividend. Percentage of share dividend declared: 15% 9/30/2020 The company repurchased and retired common shares. Number of common shares retired: 1,303 The corporation also had $4 cumulative preferred shares outstanding throughout the 2020 year. Number of preferred shares outstanding: 4,600 The corporation did not declare a cash dividend on any of the shares during the 2020 year due to cash flow constraints. The corporation had profit of the following during the 2020 year: $ 344,169
Required: 1. 2. Calculate the weighted average number of common shares outstanding for the 2020 year. Calculate earnings per share for the year ended December 31, 2020.