C-Bay Inc.'s accounting year ends on December 31. During the following three years, its common shares outstanding changed as follows. 2022 2021 2020 Shares outstanding, January 1 150,000 120,000 100,000 Sales of shares, April 1, 2020 20,000 25% stock dividend, July 1, 2021 30,000 2-for-1 stock split, July 1, 2022 150,000 Shares sold, October 1, 2022 50,000 Shares outstanding, December 31 350,000 150,000 120,000 Required a. For purposes of calculating EPS at the end of each year, determine the number of shares outstanding. Hint: consider each reporting year separately. 2022 2021 2020 Number of shares b. For purposes of calculating EPS at the end of 2022, when comparative statements are being prepared on a three-year basis, determine the number of shares outstanding for each year. 2022 2021 2020 Number of shares c. Compute EPS for each year based on computations in part b. Assume net income is $375,000, $330,000, and $299,000, for years 2022, 2021, and 2020, respectively. Note: Round earnings per share amounts to two decimal places. Basic EPS Net Income Available to Common Stockholders Weighted Avg. Common Shares Outstanding Per Share 2020 2021 2022