On Jan 1, 2020 Lala Cor. had 100,000 shares of common stock outstanding. During 2020, it had the following transactions that affected the common stock account: April 1: Issued 50,000 Shares. May 1: Issued a 10% stock dividend. August 1: Acquired 40,000 share of treasury stock. November 1: Issued a 5-for-1 stock split. December 1: Reissued 30,000 shares of treasury stock. Instructions: 1- Determine the weighted-average number of shares outstanding as of December 31, 2020. (5 Points) 2- Assume the net income of the company is $6000,000 and the preferred dividends $1000,000. Compute EPS. (2.5 Points)

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