Egg Corporation's accounting year ends on December 31. You are given information pertaining to changes during the two most recent years, to its common shares outstanding, as follows: 20X6 120,000 30,000 20X7 Shares outstanding, 1 January 150 000 25% stock dividend, 1 July 20X6 2-for-1 stock split, 1 July 20X7 150.000 New shares issued, 1 October 20X7 50.000 Shares outstanding, 31 December 350.000 150.000 Income from Operations $375,000 $330,000 Required: You are now at December 31, 20x7. 1. For purposes of calculating EPS at the end of 20X7, with comparative statements being prepared on a two-year basis, determine the weighted average number of shares outstanding for each year. 2. With comparative statements being prepared on a two-year basis, compute basic EPS for each year based on computations in requirement (1). There were no preferred shares or dilutive securities outstanding