Earnings Per Share with Additional Stock Issued Barton Company reported net income of $84,000 and $92,000 in 1999 and 2000, respectively. On January 1, 1999, Barton had 10,000 shares of common stock outstanding, and on January 1, 2000, it issued an additional 10,000 shares.

a. What was the weighted average number of common shares outstanding in each of the years?

b. Compute earnings per share for 1999.

c. Compute earnings per share for 2000.