Pina Corporation is preparing the comparative financial statements to be included in the annual report to stockholders. Pina employs a fiscal year ending May 31. Income from operations before income taxes for Pina was $1,324,000 and $669,000, respectively, for fiscal years ended May 31, 2021 and 2020. Pina experienced a loss from discontinued operations of $362,000 on March 3, 2021. A 20% combined income tax rate pertains to any and all of Pina Corporation's profits, gains, and losses. Pina's capital structure consists of preferred stock and common stock. The company has not issued any convertible securities or warrants and there are no outstanding stock options. Pina issued 42,800 shares of $100 par value, 6% cumulative preferred stock in 2017. All of this stock is outstanding, and no preferred dividends are in arrears. There were 962,400 shares of $1 par common stock outstanding on June 1, 2019. on September 1, 2019. Pina sold an additional 380,400 shares of the common stock at $18 per share. Pina distributed a 20% stock dividend on the common shares outstanding on December 1, 2020. These were the only common stock transactions during the past 2 fiscal years Determine the weighted average number of common shares that would be used in computing earnings per share on the current comparative income statement for Weighted average number of common shares (1) The year ended May 31, 2020 (2) The year ended May 31, 2021 e Textbook and Media Starting with income from operations before income taxes, prepare a comparative income statement for the years ended May 31, 2021 and 2020. The statement will be part of Pina Corporation's annual report to stockholders and should include appropriate earnings per share presentation (Round earnings per share to 2 decimal places, e... $2.55.) PINA CORPORATION Comparative Income Statement For the Years Ended May 31, 2021 and 2020 2021 Income From Operations Before Income Taxes 2020 $ Income Taxes I Income Before Extraordinary Item Loss From Discontinued Operations $ $ > Net Income /(Loss) Per share of common stock $ $ e Textbook and Media