please calculate carefully.

Cullumber Corporation, a publicly traded company, is preparing the comparative financial statements to be included in the annual report to shareholders. Cullumber's fiscal year ends May 31. The following information is available. 1. Income from operations before income tax for Cullumber was $1,400,000 and $1,800,000, respectively, for the fiscal years ended May 31, 2021, and 2020. 2. Cullumber experienced a loss from discontinued operations of $500,000 from a business segment disposed of on March 3, 2021. 3. A 20% combined income tax rate applies to all of Cullumber Corporation's profits, gains, and losses. 4. Cullumber's capital structure consists of preferred shares and common shares. The company has not issued any convertible securities or warrants and there are no outstanding stock options. 5. Cullumber issued 159,000 of $10 par value, 5% cumulative preferred shares in 2013. All of these shares are outstanding, and no preferred dividends are in arrears. 6. There were 1.60 million common shares outstanding on June 1, 2019. On September 1, 2019, Cullumber sold an additional 200,000 common shares at $16 per share. Cullumber distributed a 20% stock dividend on the common shares outstanding on December 1, 2020. 7. These were the only common share transactions during the past two fiscal years. 3. A 20% combined income tax rate applies to all of Cullumber Corporation's profits, gains, and losses. 4. Cullumber's capital structure consists of preferred shares and common shares. The company has not issued any convertible securities or warrants and there are no outstanding stock options. 5. Cullumber issued 159,000 of $10 par value, 5% cumulative preferred shares in 2013. All of these shares are outstanding, and no preferred dividends are in arrears. 6. There were 1.60 million common shares outstanding on June 1, 2019. On September 1, 2019, Cullumber sold an additional 200,000 common shares at $ 16 per share. Cullumber distributed a 20% stock dividend on the common shares outstanding on December 1, 2020. 7. These were the only common share transactions during the past two fiscal years. * Your answer is incorrect. Determine the weighted average number of common shares that would be used in calculating earnings per share on the current comparative income statement for: 1. The year ended May 31, 2021 1360500 2. The year ended May 31, 2020 360000