Markus Companys common stock sold for $2.75 per share at the end of this year. The company paid a common stock dividend of $0.55 per share this year. It also provided the following data excerpts from this years financial statements:

	Ending Balance	Beginning Balance
Cash	$35,000	$30,000
Accounts receivable		$50,000
Inventory		$60,000
Current assets		$140,000
Total assets		$460,000
Current liabilities		$40,000
Total liabilities		$120,000
Common stock, $1 par value		$120,000
Total stockholders equity		$340,000
Total liabilities and stockholders equity		$460,000
	This Year
Sales (all on account)	$700,000
Cost of goods sold	$400,000
Gross margin	$300,000
Net operating income	$140,000
Interest expense	$8,000
Net income	$92,400

1. What is the earning per share?

Earning per share = net income/average number of common shares outstanding

How do you get the average number of common shares outstanding?