Problem 3: Carr Company reported the following shareholders' equity on January 1, 2021: Preference share capital Share premium - preference Ordinary share capital Share premium - ordinary Retained earnings Treasury shares - ordinary 1,800,000 90,000 5,150,000 3,500,000 4,000,000 270,000 On January 1, 2021, Carr Company had 100,000 authorized shares of P100 par, 10% cumulative preference share capital and 3,000,000 authorized shares of no-par ordinary share capital with a stated value of P5 per share. On January 10, 2021, Carr formally retired all the 30,000 ordinary shares of treasury. The treasury shares had been acquired in the previous year and were originally issued at P10 per share. Carr owned 10,000 ordinary shares of Bush Company purchased several years ago for P600,000. On February 15, Carr declared and paid a dividend in kind of one share of Bush for every hundred ordinary shares of Carr held by a shareholder of record on February 28, 2021. The market price of Bush share was P75 on February 15, 2021. On December 12, 2021, Carr declared the yearly cash dividend on preference share, payable on January 14, 2022, to shareholders of record on December 31, 2021. On January 15, 2022, before the accounting records were closed for 2021, Carr became aware that rent income for the year ended December 31, 2020 was overstated by P500,000. The after-tax effect on 202 net income was P350,000. The appropriate correcting entry was recorded. After correcting rent income, net income for 2021 was P2,600,000. Required: Prepare a Statement of Changes in Equity for 2021. (Provide for money columns for the following: Ordinary Shares, Preference Shares, Share Premium, Retained Earnings, and Treasury Shares)

The stockholders' equity section of Waterway Corporation appears below as of December 31, 2025. 8% preferred stock, $50 par value, authorized 114,400 shares, outstanding 104,400 shares Common stock, $1.00 par, authorized and issued 10,000,000 shares Additional paid-in capital Retained earnings (includes 2025 net income of $38.280,000) Total stockholders' equity $5,220,000 10,000,000 23,780,000 193,720,000 232.720,000 Earnings per share. Net income for 2025 reflects a total effective tax rate of 20%. Included in the net income figure is a loss of $20,880,000 (before tax) as a result of a non-recurring major casualty. Preferred stock dividends of $417,600 were declared and paid in 2025. Dividends of $1,160,000 were declared and paid to common stockholders in 2025, Compute earnings per share data as it should appear on the income statement of Waterway Corporation. (Round answers to 2 decimal places, e.g. 1.48.) ...