On December 31, 2015, Dow Steel Corporation had 600,000 shares of common stock and 300,000 shares of8%, noncumulative, nonconvertible preferred stock issued and outstanding. Dow issued a 4% common stockdividend on May 15 and paid cash dividends of $400,000 and $75,000 to common and preferred shareholders,respectively, on December 15, 2016.On February 28, 2016, Dow sold 60,000 common shares. In keeping with its long-term share repurchase plan,2,000 shares were retired on July 1. Dow’s net income for the year ended December 31, 2016, was $2,100,000.The income tax rate is 40%.Required:Compute Dow’s earnings per share for the year ended December 31, 2016.

On December 31, 2020, Dow Steel Corporation had 750,000 shares of common stock and 45,000 shares of 7%, noncumulative, nonconvertible preferred stock issued and outstanding. Dow issued a 4% common stock dividend on May 15 and paid cash dividends of $550,000 and $84,000 to common and preferred shareholders, respectively, on December 15, 2021.On February 28, 2021, Dow sold 60,000 common shares. In keeping with its long-term share repurchase plan, 2,000 shares were retired on July 1. Dow's net income for the year ended December 31, 2021, was $2,850,000. The income tax rate is 25%.Required:Compute Dow's earnings per share for the year ended December 31, 2021.

At December 31, 2015, Albrecht Corporation had outstanding 253,000 shares of common stock and 16,000 shares of 9.5%, $100 par value cumulative, nonconvertible preferred stock. On May 31, 2016, Albrecht sold for cash 12,000 shares of its common stock. No cash dividends were declared for 2016. For the year ended December 31, 2016, Albrecht reported a net loss of $394,000. Required: Calculate Albrecht's net loss per share for the year ended December 31, 2016. (Enter your answers in thousands. Negative amounts should be indicated by a minus sign.)

On December 31, 2023, Dow Steel Corporation had 650,000 shares of common stock and 305,000 shares of 9%, noncumulative, nonconvertible preferred stock issued and outstanding. ⚫ Dow issued a 5% common stock dividend on May 15 and paid cash dividends of $450,000 and $74,000 to common and preferred shareholders, respectively, on December 15, 2024. • On February 28, 2024, Dow sold 64,000 common shares. . In keeping with its long-term share repurchase plan, 7,000 shares were retired on July 1. ⚫ Dow's net income for the year ended December 31, 2024, was $2,350,000. • The income tax rate is 25%. • Also, as a part of a 2023 agreement for the acquisition of Merrill Cable Company, another 26,000 shares (already adjusted for the stock dividend) are to be issued to former Merrill shareholders on December 31, 2025, if Merrill's 2025 net income is at least $550,000. ■ In 2024, Merrill's net income was $680,000. • As part of an incentive compensation plan, Dow granted incentive stock options to…