As at 1 July 2018, Justice Ltd had 7 800 000 fully paid-up ordinary shares on issue. During the year thecompany:

• bought back 2 600 000 fully paid ordinary shares on 1 December 2018 at prevailing market price
• issued 1 900 000 partly paid ordinary shares on 1 March 2019 at an issue price of $5.00. The shareswere partly paid to $2.00. The partly paid shares carry the right to participate in dividends in proportion to the amount paid as a fraction of the issue price.

For the entire year, Justice Ltd had 500 000 $2.00 cumulative preference shares, disclosed as equity, which provide dividends at a rate of 15% per year.

What is the WANOS on which basic earnings per share will be calculated for the year ending

30 June 2019? Show all workings

Period	Portion of Year	No of shares outstanding	WANOS
Fully Paid:
Partly Paid:
	Total WANOS