During 2021, Daktronics Incorporated had the following transaction in its common stock:

January 1 880,000 shares of common stock were outstanding.

April 3 100,000 shares were re-acquired.

July 2 200,000 shares were issued.

October 1 The company had a 2-for-1 stock split

October 3 50,000 shares were issued.

Daktronics reported net income of $560,000 and paid preferred dividends of $40,000 during 2021. The tax rate is 40%. REQUIRED: 1. Compute the weighted average number of shares for 2021. 2. Compute basic EPS for Daktronics for 2021.