Corporation had 200,000 shares of common stock outstanding on January 1,2021. On March 1, the company purchase 35,000 treasury shares. The treasury shares were reissued on June 1. On August 1, 30,000 shares were issued . On October 1, there was a 3-for-1 stock split.

A) Compute the weighted-average number of common shares outstanding.

B) Net income for 2021 was $756,000 and the company paid preferred dividends of $125,000. Calculate basic earnings per share.