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2. Able Corporation had shareholders' equity on December 31, 2017 . as fnllowe. The following transactions occurred during 2018: Apr. 27 The board of directors declared a share dividend to sharcholders of record on Apr. 28, distributable May 1. The stock was selling for $6 per share. May 1 Distributed the share dividend. July 2 Issued (sold) shares at a price of $5.00 per share. Sept. 28 The board decided to split the stock- effective on October 1. Oct. 1 Stock split Nov, 1 Repurchased and retired Shares, at \$2 per share Dec. 31 Closed the Income Summary account, which had a balance. A) Calculate the weighted average number of shares outstanding for 2018. (10 marks) B) Calculate the weighted average EPS for 2018. (2 marks) 2. Able Corporation had shareholders' equity on December 31, 2017 . as fnllowe. The following transactions occurred during 2018: Apr. 27 The board of directors declared a share dividend to sharcholders of record on Apr. 28, distributable May 1. The stock was selling for $6 per share. May 1 Distributed the share dividend. July 2 Issued (sold) shares at a price of $5.00 per share. Sept. 28 The board decided to split the stock- effective on October 1. Oct. 1 Stock split Nov, 1 Repurchased and retired Shares, at \$2 per share Dec. 31 Closed the Income Summary account, which had a balance. A) Calculate the weighted average number of shares outstanding for 2018. (10 marks) B) Calculate the weighted average EPS for 2018. (2 marks)