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On January 1, 2020, Mack Corp had 275,000 Common Shares outstanding. During 2020 it has the following transactions that affected the common shares account.

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On January 1, 2020, Mack Corp had 275,000 Common Shares outstanding. During 2020 it has the following transactions that affected the common shares account. Time left 1:52:04 Mar 1 Declared and Issued 20% stock dividend May 1 Issued 50,000 shares Jun 1 Acquired 40,000 common shares and retired them Sep 1 Issued a 2-for-1 stock split Nov. 1 Issued 20,000 shares Mack Corp issued 20,000 $9, cumulative preferred shares on Jan 1, 2020. Its net income for 2020 was $1,450,000. No dividend was declared and paid since 2019. Please answer the following questions. 1. Number of common shares outstanding on Mar 2, 2020: 2. Number of common shares outstanding after share repurchase on Jun 1, 2020: 340,000 3. Number of common shares outstanding after share split on Sep 1, 2020: 680,000 4. Number of common shares outstanding on Dec 31, 2020: 700,000 = 6. Weighted Average number of Common Shares (WACS) for 2020: 7. Basic Earnings Per Share (EPS) for 2020 is:

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