2.

Number 2. Use the information provided to calculate the weighted average of stocks. shares outstanding for 2020 diluted earnings per share purposes. 24,000 common shares outstanding on January 1, 2020. 10,000 convertible preferred shares outstanding on January 1, 2020. Each share preferred can be converted into 12 common shares. 12,000 common shares issued on March 1, 2020 5,000 preferred shares were converted to common shares on May 31, 2020. 18,000 common shares were issued on September 1, 2020. - A 1: 2 reverse split was held on November 15, 2020. 6,000 portfolio shares were purchased on December 1, 2020. 51,000 shares outstanding as of December 31, 2020