On January 1, 2018, R Corp. had 480000 shares of common stock outstanding. During 2018, the following transactions affected the common stock account: 2/1/208 issued 120000 shares. 5/1/208 acquired 100000 shares of treasury stock. 6/1/2018 issued a 3-for-1 stock split. 10/1/2018 reissued 60000 shares of treasury stock ( not adjusted for dividend or split). a) Determine the weighted-average number of shares outstanding as of December 31, 2018. b) Assume that Wilke Corp. earned net income of $3456000 during 2018, determine basis EPS