On January 1,Style Corporation had 15,000 shares of common stock outstanding.On May 1,the corporation sold and issued another 6,000 shares.On December 1,the corporation executed a 2-for-1 stock split.Style Corporation earned $55,000 in net income for the year and declared and paid $4,000 in preferred stock dividends.Calculate the earnings per share.

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The Answer of On January 1,Style Corporation had 15,000 shares of common stock outstanding.On May 1,the corporation sold and issued another 6,000 shares.On December 1,the corporation executed a 2-for-1 stock split.Style Corporation earned $55,000 in net income for the year and declared and paid $4,000 in preferred stock dividends.Calculate the earnings per share.

On January 1,Style Corporation Had 15,000 Shares of Common Stock