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OAK Inc reported 1,900.00 of net income for the year ended Dec 31.201. On Sept 2,2018 ASH declared ad paid the annual preferred dividends of 360,000
On Jan 1,2017 OAK ince had 50,00 preferred and 82,00 common shares outstanding. the follwoing transcation changed the number of shares
May 1: Declared and issued 20% common shares
July 1: sold 15,000 common shares for Cash
Oct 1: repurchased 7000 common share for cash
Required
Question 1: What is the weighted average number of common shares for the year?
Question 2: What are the earnings per share of the year
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