Comparative Statements of Retained Earnings for RennDever Co

Comparative Statements of Retained Earnings for Renn-Dever Corporation were reported as follows for the fiscal years ending December 31, 2016, 2017, and 2018 RENN-DEVER CORPORATION Statements of Retained Earnings For the Years Ended December 31 2018 2017 $6,878,292 $5,532,052 $5, 644,552 2016 Balance at beginning of year Net income (loss) Deductions: 3,310,700 2,260,900 (112,500) Stock dividend (50,700 shares) Common shares retired, September 30 (120,000 shares) Common stock cash dividends 244,000 214,660 700.000 891.950 Balance at end of vear $9,053,042 $6,878,292 $5,532,052 At December 31, 2015, paid-in capital consisted of the following: Common stock, 1,810,000 shares at $1 par Paid in capital-excess of par $1,810,000 7,440,000 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, 2016, 2017, and 2018. (Negative amounts should be indicated by a minus sign.) Earnings (Net Loss) Year NumeratorDenominator 2016 2017 2018 r Share

Solution

Calculate earning per share :

Year	Numerator	/	Denominator	=	Earning (net loss) per share
2016	-112500	/	1810000	=	-0.06
2017	2260900	/	1690000	=	1.34
2018	3310700	/	1740700	=	1.90