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On January 1, 2020, Sandhill Corporation had 91,200 common shares outstanding. On April 1, the company issued an additional 27,000 shares. On July 1, the company repurchased and cancelled 42,000 common shares. On November 1, the company issued 54,000 new shares. Cash dividends of $ 54,800 were declared to non-cumulative preferred shareholders. Net income for the year was $ 850,400.
Problem 1: Calculate the weighted average number of shares for 2020 and earnings per share (EPS).
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