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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

7,094,292

5,620,052

5,804,552

Net income (loss)

3,326,700

2,420,900

(184,500)

Deductions:

Stock dividend (61,500 shares)

260,000

Common shares retired, September 30 (140,000 shares)

230,660

Common stock cash dividends

907,950

716,000

0

Balance at end of year

9,253,042

7,094,292

5,620,052

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

Common stock, 2,190,000 shares at $1 par

2,190,000

Paid in capital—excess of par

7,600,000

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.)

Year

Numerator

/

Denominator

=

Earnings (Net Loss) per Share

2019

$(184,500)

/

2,190,000

=

$(0.08)

2020

$2,420,900

/

=

0

2021

$3,326,700

/

=

0

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