Q3: Weighted Average Shares Outstanding and EPS. (30 points) In 2021, Warren Corporation has the following: Jan 1: Preferred stock: 50,000 shares outstanding, $100 par, 8% cumulative, not convertible Jan 1: Common stock: 750,000 Shares outstanding May 1: Issued 300,000 new shares for cash Aug 1: Acquired treasury stock 150,000 for cash Oct 1: declared and issued 2-for-1 stock split Net income for 2021 is $2,500,000 Instructions Compute the weighted average number of shares to be used in computing earnings per share for 2021, and compute EPS