_____4. Evie Corp, has the following Stockholders Equity account balances and activity for Year 2.

Net income		$8,500,000
Retained earnings	$5,955,000
Preferred stock shares outstanding	1,000
Common stock shares outstanding at January 1, Yr 2	3,750,000
Additional Common shares issued at July 1, Yr 2	10,000
2-for-1 stock split at December 31, Yr 2
Preferred Dividends	$15,000
Common Dividends	$75,000
Year 1 EPS	$2.20

Earnings per share = 8500000/ 3,755,000* = 2.26

* Compute Denominator: Weighted average common shares outstanding

Date	Shares	Portion of year	Weighted Average Shares
January 1, Y2	3,750,000	12	3,750,000
July 1, Y2	10,000	6	5,000
Weighted Average December 31 before split
Stock split 2-for-1
*Total Weighted Average, 12/31/Y2
Note: Year 1 restated			$2.20 / 2 =_____