Question 1 On December 31 2016, Pharoah Corporation has 4,200, $2 preferred shares and 67,200 common shares. During 2017, the company completed the following share transactions: Apr. 1 Sold 8,400 common shares for $4,200 cash. Sept. 30 Reacquired 4,000 common shares for $1,600 cash. Pharoah's profit in 2017 is $437,000. Calculate the weighted average number of common shares for 2017. (Round answer to 0 decimal places, e.g. 5,276.) Weighted average number of shares LINK TO TEXT Calculate earnings per share under each of the following independent assumptions: 1. Preferred shares are cumulative and dividends were () declared. (i) not declared. 2. Preferred shares are noncumulative and dividends were i declared. (ii) not declared. (Round answers to 2 decimal places, e.g. 52.76.) 1.) Earnings per share $ () Earnings per share $ 2.() Earnings per share $ (ii) Earnings per share $ LINK TO TEXT