The alford group had 290,000 shares of common stock outstanding at january 1, 2018. the following activities affected common shares during the year. there are no potential common shares outstanding. 2018 feb. 28 purchased 15,000 shares of treasury stock. oct. 31 sold the treasury shares purchased on february 28. nov. 30 issued 60,000 new shares. dec. 31 net income for 2018 is $1,140,000. 2019 jan. 15 declared and issued a 2-for-1 stock split. dec. 31 net income for 2019 is $1,140,000. required: 1. determine the 2018 eps. 2. determine the 2019 eps. 3. at what amount will the 2018 eps be presented in the 2019 comparative financial statements?

Mesa company produces wooden rocking chairs. the company has two production departments, cutting and assembly. the wood is cut and sanded in cutting and then transferred to assembly to be assembled and painted. from assembly, the chairs are transferred to finished goods inventory and then are sold.mesa has compiled the following information for the month of february: cutting department assemblydepartmentdirect materials $ 73,000 $ 13,000direct labor 73,000 108,000applied manufacturing overhead 159,000 171,000cost of goods completed and transferred out 233,000 255,000required: 1, 2, 3, & 4. prepare journal entries for the transactions in the cutting and assembly departments of mesa company. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)