Burlington Bathrooms Inc. (BBI) had 100,000 ordinary shares outstanding on January 1, 2021. Transactions throughout 2021 affecting its shareholdings follow:

■ February 1: BBI issued 10,000, $100, cumulative 5% preferred shares. 

■ March 1: BBI issued 30,000 ordinary shares. 

■ April 1: BBI declared and issued a 10% stock dividend on the ordinary shares. 

■ July 1: BBI repurchased and cancelled 20,000 ordinary shares. 

■ October 1: BBI declared and issued a three-for-one stock split on the ordinary shares. 

■ December 31: BBI declared and paid $50,000 in dividends on the ordinary shares. 

■ BBI’s net income for the year ended December 31, 2021, was $250,000. Its tax rate was 40%.

Required:

a. What was BBI’s weighted average number of ordinary shares outstanding in 2021? 

b. What was BBI’s basic EPS in 2021? 

c. If the preferred shares issued on February 1, 2021, were non-cumulative, what would BBI’s basic EPS for 2021 have been?