Beta began operations on the first day of the year. On that day they issued 15,000 shares. On March 1 they issued 20,000 shares and on July 1, another 30,000 shares. On December 1, they repurchased 5,000 shares of outstanding shares. Compute the weighted-average shares of stock for the first year of operation.

24)Compute Betas basic EPS for the first year of operation if net income was $60,000.

25)Beta reported $20,000 in interest expense for the current year for bonds that were issued in prior years. Its tax rate is 30%. By what amount is the numerator of diluted EPS positively adjusted?