Question 1 (11 marks) Part 1. (5 marks) You are given the following information about JK Ltd.: V 42,000 common shares outstanding on January 1, 2019 30,000 shares sold on June 1, 2019 10,000 shares were repurchased and cancelled on July 1, 2019 3 for 1 Stock split recorded on December 1, 2019 Net Income for the year $910,000 Required: a) Calculate the weighted average number of shares outstanding for JK) for the year ended December 31, 2019. Round to the nearest whole number b. Compute the basic EPS for the company for the year ended December 31, 2019. Round your answer to 2 decimal places