EPS Question Q.weighted outstanding shares? Pioneering Inc had 1000 preferred shares, $3, issued in the beginning of the year 2020. The following changes in common shares outstanding during the year [20201 Jan 1 10000 common shares were issued March 31 Sold 15000common shares to shareholders June 1 Sold 2000 preferred shares Aug 1 Declared and issued a 10% common share dividend Oct 1 Repurchased 5500 shares Nov 1 Issued 7000 common shares Dec 1 Sold 2500 outstanding Preferred shares and 1200 common shares HINT: Read information from the beginning of the question Some additional information on the table below Q3. Weighted Average Outstanding common Hares Time Period O/Shares EFFECT Fraction of Year W O/Shares Jan-Feb 11,000 1.15 2/12 2108 Feb-May 20,000 1.15 2/12 3833 May - June 31,000 1.15 2/12 5942 Jun-Oct 29000 1.15 3/12 8334 Oct - Nov 33,350 1/12 2779 Nov-Dec 28350 1/12 2363 Dec 40,350 1/12 3363 Total Weighted Average Outstanding common shares 28.722 W/A/O/C/S = 28722 shares 11000 + 9000 = 20,000 20,000 +11000 =31000 31000 - 2000 =29000 29000 x 1.15 = 33,350 33,350 - 5000 =28350 28350 +12000=40,350 Sample I need answer in this format 11000 x 1.15 x 2/12 -2108 20000 x 1.15 x 2/12 =3833 31000 x1.15 x 2/12 =5942 29000 x 1.15 x 3/12=8334 33350 x 1/12 -2779 28350 x 1/12 =2363 40350 x 1/12 =3363 Total = 28722 NOTES : Ignore issue of preferred shares and payment of both Preferred share dividend and common share dividend