Earnings per share example 2: Move-it Trucking Ltd. had a net income of $457,000. Preferred dividends were $22,000. Beginning number of shares was 182,400. On March 1 they issued 30,000 shares, on August i they issued 35,000 shares, and on December 1 they carried out a 2 for 1 stock split by issuing 247,400 shares 1. Income available to common shareholders 2. Weighted average number of common shares outstanding # of shares months outstanding weighted value 182,400 2 12 2 60,800 212,400 5 12 2 177,000 247,400 5 12 2 206,167 443,967 Weighted average 182,400 2 12 212,400 5 12 247,400 4 12 494,800 1 12 2 2 2 60,800 177,000 164,963 41,233 443,967 3. EPS