Presented below is information related to Starr Company.

1.Net Income [including a discontinued operations gain (net of tax) of $112,000]$318,5002.Capital Structurea.Cumulative 5% preferred stock, $100par,6,100shares issued and outstanding$610,000b.$10 par common stock,74,000shares outstanding on January 1. On April 1,40,000shares were issued for cash. On October 1,16,000shares were purchased and retired.$1,000,000c.On January 2 of the current year, Starr purchased Oslo Corporation. One of the terms of the purchase was that if Oslo net income for the following year is $236,000or more,60,000additional shares would be issued to Oslo stockholders next year.Oslo's net income for the current year was $2,600,000.3.Other Informationa.Average market price per share of common stock during entire year$30b.Income tax rate30%

part 1

what is the Computed weighted average shares outstanding.

part 2

what is the Computed earnings per share for the current year

Basic earnings per share

Diluted earnings per share