1) The following information is available for ABC Corporation:

January 1, 2021 Shares outstanding 4,000,000

April 1, 2021 Shares issued 640,000

October 1, 2021 Treasury shares purchased 240,000

The number of shares to be used in computing earnings per common share for 2021 is?

2) Boston Co. had net income for 2021 of $500,000. The average number of shares outstanding for the period was 100,000 shares. The average number of shares under outstanding options, at an option price of $30 per share is 5,000 shares. The average market price of the common stock during the year was $40. What should Boston Co. report for diluted earnings per share for the year ended 2021?