On January 1, 2017, Pharoah Ltd. had 660,000 common shares outstanding. During 2017, it had the following transactions that affected the common share account: Feb. 1 Issued 162,000 shares. Mar. 1 Issued a 17% stock dividend May 1 Acquired 174,000 common shares and retired them. June 1 Issued a 3-for-1 stock split. Oct. 1 Issued 44,000 shares. The company's year end is December 31 Determine the weighted average number of shares outstanding as at December 31, 2017. (Round answer to O decimal places, e.g. 5,275.) Weighted average number of shares outstanding shares LINK TO TEXT Assume that Pharoah earned net income of $3,479,000 during 2017. In addition, it had 100,000 of 1096, $100 par, non-convertible, non-cumulative preferred shares outstanding for the entire year. Because of liquidity limitations, however, the company did not declare and pay a preferred dividend in 2017 Calculate earnings per share for 2017, using the weighted average number of shares determined above. (Round answer to 2 decimal places, e.g. 15.25.) Earnings per share