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At the beginning оf 2024, PWS Cоrpоrаtion hаd 100,000 shаres of common stock outstanding and 30,000 shares of 7%, $50 par, cumulative, nonconvertible preferred stock outstanding. In addition:On February 28, 2024, PWS purchased 24,000 shares of common stock on the open market as treasury stock paying $20 per share. On June 30, 2024, PWS declared and issued a 2-for-1 stock split on outstanding common stock. On September 30, 2024, PWS sold 6,000 treasury shares for $22 per share. Net income for 2024 was $180,905.Required:Compute the weighted average number of shares to be used in computing earnings per share for 2024. Be sure to show all your work.
(Shоw ALL yоur wоrk аnd round аll numbers to the neаrest dollar). Agler Corporation's beginning of year balance sheet reported the following: Common stock (10,000 shares issued & outstanding, $5 par) $ 50,000 Paid-in capital in excess of par (APIC-C/S) 160,000 Retained earnings 100,000 The following transactions occurred this year: February 1: Purchased 500 shares of capital stock to be held as treasury stock, paying $45 per share. May 1: Reissued 200 of the shares of treasury stock at $48 per share. September 1: Reissued 100 shares of treasury stock at $23 per share. December 1: Announced a 2-for-1 split, effective December 1. Required: 1.Prepare the journal entries for each transaction under the cost method of accounting for treasury stock. 2/1: dr. [BLANK-1] for [BLANK-2] cr. [BLANK-3] for [BLANK-4] 5/1: dr. [BLANK-5] for [BLANK-6] cr. [BLANK-7] for [BLANK-8] cr. [BLANK-9] for [BLANK-10] 9/1: dr. [BLANK-11] for [BLANK-12] dr. [BLANK-13] for[BLANK-14] dr. [BLANK-15] for [BLANK-16] cr. [BLANK-17] for [BLANK-18] 12/1: [BLANK-19] 2.At end of year, what is the Number of shares of common stock outstanding is [BLANK-20] shares Par value per common stock is [BLANK-21] per share. Remaining balance ($) in Treasury stock is [BLANK-22]