At December 31, 2008 Quiggin had 400,000 shares of common stock outstanding. The company also had 40,000 shares of $7 convertible preferred stock. Each share is convertible into 4 shares of common stock. (Dividends were declared and paid)Transactions during 2009:July 1, 2009 Sold 200,000 sharesJuly 8, 2009 Declared 100% stock dividendSeptember 1, 2009 Sold 120,000 sharesOctober 1, 2009 Purchased 60,000 shares to be held in treasuryQuiggin reported a loss of $670,700 for 2009compute earnings per share and diluted earnings per share
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