(Solution) - The 2012 balance sheet for Guthrie Corporation revealed the following -(2025 Original AI-Free Solution)

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The 2012 balance sheet for Guthrie Corporation revealed the following information:
? Common stock, $10 par, 50,000 shares issued and outstanding
? Preferred stock, $100 par, 6%, cumulative stock, 1,000 shares issued and outstanding
During 2013, Guthrie engaged in the following stock transactions:
March 1 Issued 10,000 shares of common stock for cash.
Apr. 1 Reacquired 2,000 shares of common stock as treasury stock.
Aug. 1 Resold 1,000 shares of treasury stock for cash.
Sept. 1 Declared and issued a 50% stock dividend on common stock.
Required:
1. Determine if Guthrie has a simple or complex capital structure.
2. Calculate the weighted average number of shares of stock that should be used to calculate EPS for the 2013 income statement.