Question 4 Joe's Gym Inc. started 2021 with the following shares outstanding: 4,000, $2.00, non-cumulative preferred shares 6,000 common shares The company earned $247,625 during 2021 and had the following share transactions: May 1" Issued 2,500 common shares for equipment valued at $15,000 Aug 14 Repurchased 2,200 common shares at $15/share Required: a) Calculate Earnings Per Share for Joe's Gym Inc. for 2021. (show all your work for full marks) (4 marks) b) Assuming all other information is similar, if Wally's Workouts Ltd. had earnings per share of $24.75 for 2021, which company's common shares would you chose to invest in if you had to pick one: Joe's Gym Inc. or Wally's Workouts Ltd.? (1 marks)