Explain and solution please

On Jan 1, 2021 Jamal Cor. had 100,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the common stock account: April May August November December Instructions: 1: 1: 1: 1: 1: Issued 50,000 Shares. Issued a 10% stock dividend. Acquired 40,000 share of treasury stock. Issued a 5-for-1 stock split. Reissued 20,000 shares of treasury stock. 1. Determine the weighted-average number of shares outstanding as of December 31, 2020. (5 Points) I 2- Assume the net income of the company is $1000,000 and the preferred dividends $10,000. Compute EPS. (2.5 Points)