2. On January 1, 2016 Vera Co. had 100,000 shares of $5 par common stock outstanding. The following transactions took place during 2016. Vera declared and issued a 20% stock dividend on March 15. On July 1, Vera purchased 10,000 shares of its common stock . On October 1, Vera issued 14,000 shares for cash.

a) ) What is the total number of shares outstanding as of Dec. 31

b) What is the weighted-average number of shares outstanding as of Dec. 31

c) ) On Dec 31 2016 Vera Co had a Net Income of $350,000 and declared preferred dividends of $85,000. Calculate the Earnings Per share for 2016