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Sandhill Inc. presented the following data: Net income $5,602,800 Preferred shares: 66,700 shares outstanding, $100 par, 9% cumulative, not convertible $6,670,000 Common shares: Shares outstanding,

Sandhill Inc. presented the following data:

Net income

$5,602,800

Preferred shares: 66,700 shares outstanding, $100 par, 9% cumulative, not convertible

$6,670,000

Common shares: Shares outstanding, Jan. 1, 2023

642,000

Issued for cash, May 1, 2023

117,000

Acquired treasury shares for cash, Sept. 1, 2023 (shares cancelled)

159,000

3-for-1 stock split, Oct. 1, 2023

As at January 1, 2023, there were no dividends in arrears. On December 31, 2023, Sandhill declared and paid the preferred dividend for 2023.

Calculate the weighted average number of common shares at December 31, 2023. (Round answer to 0 decimal places, e.g. 5275.)

Weighted average number of shares outstanding

Calculate the Basic earnings per share and Diluted Earnings per share at December 31, 2023. (Round answer to 0 decimal places, e.g. 5275.)

Basic earnings per share

Diluted earnings per share

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