Calculate the following:

a). Concord Corporation had 111,600 shares of stock outstanding on January 1, 2018. On January 30th, Concord issued 1,600 shares. On October 1, 2018 Concord purchased 9,480 treasury stocks and was reissued on December 1, 2018.

Compute Concord's weighted-average number of shares outstanding for 2018.

b). Calculate EPS using the total W/A shares calculated above?

Revenue $100,000

Expenses $18,250

Common Dividends $ 8,000

Retained Earnings $25,000