(Answered) Problem - the 2010 annual report of software city inc

Accounting

Problem - The 2010 annual report of Software City, Inc., included the following comparative summary of earnings per share over the last three years:

2010 2009 2008

Earnings per share $3.15 $2.40 $1.64

In 2011, Software City, Inc., declared and distributed a 100 percent stock dividend. Following this stock dividend, the company reported earnings per share of $1.88 for 2011.

Prepare a three-year schedule similar to the one above, but compare earnings per share during the years 2011, 2010, and 2009.

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