Assume Elridge Inc. had 400,000 common shares outstanding on January 1. It issued 50,000 shares on March 1 and retired 20,000 shares on October 1. There was a 2:1 share split on December 1. Assume NI= $750,000 and cumulative preferred dividends = $150,000

Calculate weighted average common shares outstanding using the table below

Dates	Share Transaction	Share Changes	Shares Outstanding	Restated	Fraction of the year	Weighted average shares outstanding
1/1
3/1
10/1
12/1

Calculate EPS