Question 13) (22.75 marks) Lebo Corp. had 120,000 common shares outstanding on January 1, 2027. On March 1, 2027, Lebo Corp. issued an additional 60,000 common shares. On April 1, 2027, Lebo Corp. declared and issued a two-for-one stock split. On June 1, 2027, Lebo Corp. repurchased 60,000 common shares. On November 1, 2027, Lebo Corp. issued 180,000 new common shares. On December 1, 2027, Lebo Corp. declared and issued a 10% stock dividend. Required: 1) Calculate the weighted average number of common shares to be used in calculating EPS for 2027. 2) Define a complex capital structure. 3) Assume the same information as stated above for 2027, and that for the year 2026, there were 120,000 common shares outstanding. What is the weighted average number of common shares to be used in calculating EPS for 2026 on the 2027 comparative income statement? 4) Requirement 4) is entirely, independent of Question 13) data and requirements 1), 2), &3). When a convertible security has multiple conversion alternatives (ratios), which alternative (or ratio) is used to compute diluted EPS? A one, possibly two sentence, answer is all that is needed here. Question 13) (22.75 marks) Lebo Corp. had 120,000 common shares outstanding on January 1, 2027. On March 1, 2027, Lebo Corp. issued an additional 60,000 common shares. On April 1, 2027, Lebo Corp. declared and issued a two-for-one stock split. On June 1, 2027, Lebo Corp. repurchased 60,000 common shares. On November 1, 2027, Lebo Corp. issued 180,000 new common shares. On December 1, 2027, Lebo Corp. declared and issued a 10% stock dividend. Required: 1) Calculate the weighted average number of common shares to be used in calculating EPS for 2027. 2) Define a complex capital structure. 3) Assume the same information as stated above for 2027, and that for the year 2026, there were 120,000 common shares outstanding. What is the weighted average number of common shares to be used in calculating EPS for 2026 on the 2027 comparative income statement? 4) Requirement 4) is entirely, independent of Question 13) data and requirements 1), 2), &3). When a convertible security has multiple conversion alternatives (ratios), which alternative (or ratio) is used to compute diluted EPS? A one, possibly two sentence, answer is all that is needed here