1)Beta began operations on the first day of the year. On that day they issued 10,000 shares. On March 1 they issued 20,000 shares and on July 1, another 30,000 shares. On December 1, they repurchased 5,000 shares of outstanding shares. Compute the weighted-average shares of stock for the first year of operation.

2)Compute Betas basic EPS for the first year of operation if net income was $60,000.