At the beginning of 2020 Kareem corporation had 50,000 of ordinary shares (C.S) outstanding. During 2020, it had the following transactions that affected the ordinary shares account: February 15: April 1: June 1: August 1: December 1: Issued 100,000 Shares. Issued a 10% stock dividend. Acquired 50,000 share of treasury stock. Issued a 2-for-1 stock split. Reissued 20,000 shares of treasury stock. Instructions: 1- Determine the weighted-average number of shares outstanding as of December 31, 2020. 2- Assume the net income of the company is $500,000 and the preferred dividends $100,000. Compute EPS.