Question

Comparative Statements of Retained Earnings for Renn-Dever Corporation were reported as follows for the fiscal years...

Comparative Statements of Retained Earnings for Renn-Dever Corporation were reported as follows for the fiscal years ending December 31, 2019, 2020, and 2021.

RENN-DEVER CORPORATION
Statements of Retained Earnings For the Years Ended December 31
2021 2020 2019
Balance at beginning of year $ 7,063,292 $ 5,629,052 $ 5,754,552
Net income (loss) 3,321,700 2,370,900 (125,500 )
Deductions:
Stock dividend (59,100 shares) 255,000
Common shares retired, September 30 (120,000 shares) 225,660
Common stock cash dividends 902,950 711,000 0
Balance at end of year $ 9,227,042 $ 7,063,292 $ 5,629,052


At December 31, 2018, paid-in capital consisted of the following:

Common stock, 2,090,000 shares at $1 par $ 2,090,000
Paid in capital—excess of par 7,550,000


No preferred stock or potential common shares were outstanding during any of the periods shown.

Required:
Compute Renn-Dever’s earnings per share as it would have appeared in income statements for the years ended December 31, 2019, 2020, and 2021. (Negative amounts should be indicated by a minus sign.)

3321700
Year Numerator / Denominator = Earnings (Net Loss) per Share
2019 $(125,500) / 2,090,000 = $(0.06)
2020 $2,370,900 / = 0
2021 $3,321,700 / = 0

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