Calculate basic earnings per share for 2022

Reference no: EM133371233

Question: Thai T, a mega boating and yacht corporation, had 1008107 common shares and 10048, $98, 4% cumulative preferred shares outstanding on January 1, 2022.

21807 common shares were issued by the company on June 1.

80503 common shares were repurchased and cancelled by the Company on October 1.

The number of preferred shares did not change during the year. Net income for 2022 was $4292768. No dividends were declared or paid.

Calculate basic earnings per share for 2022.

Reference no: EM133371233

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