31 3 points S Miley Corp had Weighted Average Common Shares Outstanding during 2022 of 160,000 Miley Corp also had 10,000 shares of $50 par value 5% Cumulative Preferred Stock outstanding in 2022 No dividends were declared on either the Preferred or Common Stock in 2022 Net Income for 2022 was $400,000. Basic Earnings Per Share for the year 20122 amoured to Round up to 2 decimals-ex) 3.175 3 107- Oa.$2.06