On January 1, 2019, Dorner Corp. had 1,280,000 shares of common stock outstanding. Dorner also had 25,000 shares of $100 par value, 9.5% preferred stock. Dorner paid the preferred dividend in 2019. During 2019, Dorner had the following transactions that affected the common stock account. February 15 April 1 May 15 August 1 October 15 December 1 Issued 175,000 shares of new stock Issued a 15% stock dividend Acquired 50,000 shares of treasury stock Reissued 30,000 shares of treasury stock Issued a 2-for-1 stock split Issued 250,000 shares of new stock. Instructions 1. Determine the weighted average number of shares outstanding as of December 31, 2019. You can solve this using a 365-day year, or if using months, make sure you use half months in all your calculations (e.g. x/24). As long as your math and your process is sound, I won't take points off for rounding, or being off a few days (if using the days method). 2. Assume that Dorner Corp. earned net income of $23,456,000 during 2019. In addition, Dorner had $2,000,000 convertible debentures with a stated rate of 9%. Each $1,000 bond is convertible into 15 shares of Dorner's $10 par value stock. a. Compute basic EPS for 2019 using the weighted average number of shares determined in part (1). b. Compute fully diluted EPS for 2019 using the weighted average number of shares you determined in (1) above