Exercise 16-16 On January 1, 2018, Bramble Corp. had 488,000 shares of common stock outstanding. During 2018, it had the following transactions that affected the Common Stock account. February 1 Issued 115,000 shares March 1 May 1 June 1 October 1 eissued 61,000 shares of treasury stock Issued a 10% stock dividend Acquired 96,000 shares of treasury stock Issued a 3-for-1 stock split Determine the weighted-average number of shares outstanding as of December 31, 2018. The weighted-average number of shares outstanding LINK TO TEXT Assume that Bramble Corp. earned net income of $3,330,000 during 2018, In addition, it had 105,000 shares of 9%, $100 par nonconvertible, noncumulative preferred stock outstanding for the entire year. Because of liquidity considerations, however, the company did not declare and pay a preferred dividend in 2018. Compute earnings per share for 2018, using the weighted-average number of shares determined in part (a). (Round answer to 2 decimal places, e.g. S2.55) Earnings Per Shares