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Calculate earnings per share as be reported to shareholders

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Reference no: EM132941625

Problem 1: Sunland Inc., a publicly traded company, had 285,000 common shares outstanding on December 31, 2019. During 2020, the company issued 6,000 shares on May 1 and retired 15,000 shares on October 31. For 2020, the company reported net income of $162,960 after a loss from discontinued operations of $42,000 (net of tax). Calculate earnings per share for 2020 as it should be reported to shareholders.

Reference no: EM132941625

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