Question 2: (7.5 points):C1, C3, D3

On Jan 1, 2020 Lala Cor. had 100,000 shares of common stock outstanding. During 2020, it had the following transactions that affected the common stock account:

April	1:	Issued 50,000 Shares.
May	1:	Issued a 10% stock dividend.
August	1:	Acquired 40,000 share of treasury stock.
November	1:	Issued a 5-for-1 stock split.
December	1:	Reissued 30,000 shares of treasury stock.

Instructions:

1. Determine the weighted-average number of shares outstanding as of December 31, 2020. (5 Points)

2. Assume the net income of the company is $6000,000 and the preferred dividends $1000,000. Compute EPS. (2.5 Points)