II.II On January 1, 2022, Chang Ltd. had $480,000 ordinary shares outstanding. During 2022, it had the following transactions that affected the ordinary share account. February 1 Issued 120,000 shares March 1 Issued a 20 percent share dividend May 1 Acquired 100,000 treasury shares June 1 Issued a 3-for-1 share split October 1 Reissued 60,000 treasury shares Instructions a. Determine the weighted-average ordinary shares outstanding for 2022. b. Assume that Chang Ltd. earned net income of $3,256,000,000 during 2022. In addition, it had 100,000 shares of 9 percent, $100 par, non-convertible, non-cumulative preference shares outstanding for the entire year. because of liquidity considerations, however, the company did not declare and pay a preference share dividend in 2022. Compute earnings per share for 2022, using the weighted average ordinary shares outstanding determined in part (a). c. Assume that the same fact as in part (b), except that net income included a loss from discontinued operation of $432,000. The loss from discontinued operation is net of applicable income taxes. Compute the earnings per share for 2022