Larkspur Corporation is preparing the comparative financial statements to be included in the annual report to stockholders. Larkspur employs a fiscal year ending May 31. Income from operations before income taxes for Larkspur was $ 1,411,000 and $ 703,000, respectively, for fiscal years ended May 31, 2021 and 2020. Larkspur experienced a loss from discontinued operations of $ 389,000 on March 3, 2021. A 20% combined income tax rate pertains to any and all of Larkspur Corporations profits, gains, and losses. Larkspurs capital structure consists of preferred stock and common stock. The company has not issued any convertible securities or warrants and there are no outstanding stock options. Larkspur issued 40,700 shares of $100 par value, 6% cumulative preferred stock in 2017. All of this stock is outstanding, and no preferred dividends are in arrears. There were 945,600 shares of $1 par common stock outstanding on June 1, 2019. On September 1, 2019, Larkspur sold an additional 369,600 shares of the common stock at $ 16 per share. Larkspur distributed a 20% stock dividend on the common shares outstanding on December 1, 2020. These were the only common stock transactions during the past 2 fiscal years.

(a)

Determine the weighted-average number of common shares that would be used in computing earnings per share on the current comparative income statement for: