Blossom Corporation is preparing the comparative financial statements to be included in the annual report to stockholders. Blossom employs a fiscal year ending May 31. Income from operations before income taxes for Blossom was $1,349,000 and $684,000, respectively, for fiscal years ended May 31, 2021 and 2020. Blossom experienced a loss from discontinued operations of $365,000 on March 3, 2021. A 20% combined income tax rate pertains to any and all of Blossom Corporation's profits, gains, and losses. Blossom's capital structure consists of preferred stock and common stock. The company has not issued any convertible securities or warrants and there are no outstanding stock options. Blossom issued 43,300 shares of $100 par value, 6% cumulative preferred stock in 2017. All of this stock is outstanding, and no preferred dividends are in arrears. There were 908,400 shares of $1 par common stock outstanding on June 1, 2019. On September 1, 2019, Blossom sold an additional 412,800 shares of the common stock at $16 per share. Blossom distributed a 20% stock dividend on the common shares outstanding on December 1, 2020. These were the only common stock transactions during the past 2 fiscal years. (a) Your answer has been saved. See score details after the due date. Determine the weighted-average number of common shares that would be used in computing earnings per share on the current comparative income statement for: Weighted-average number of common shares (1) The year ended May 31, 2020. 1218000 (2) The year ended May 31, 2021. 1461600 Attempts: 1 of 1 used (b) Starting with income from operations before income taxes, prepare a comparative income statement for the years ended May 31, 2021 and 2020. The statement will be part of Blossom Corporation's annual report to stockholders and should include appropriate earnings per share presentation. (Round earnings per share to 2 decimal places, e.g. $2.55.) BLOSSOM CORPORATION Comparative Income Statement For the Years Ended May 31, 2021 and 2020 2021 2020 $ 2$ $4 2$ Per share of common stock $ $4 $ $