+ Search US lancial Account Seventh Canadian Edition by Kimmel, Weypandt, Klese, Trenholm, Irvine, and Burnley Problem 11-BA Elkhardt Inc.'s shareholders' equity accounts were as follows at the beginning of the current fiscal year, August 1, 2017: $1 noncumulative preferred shares (103,000 shares issued) $2,575,000 Common shares (352,000 shares issued) 3,520,000 Retained earnings 2,300,000 Total shareholders' equity $8,395,000 During the year, the following selected transactions occurred: Oct 1 Reacquired 23,400 common shares for $18 per share. Dec. 1 Issued 58,200 common shares for $23 per share. Feb. 1 Issued 9,500 common shares for $24 per share. June 20 Declared the annual preferred cash dividend to shareholders of record on July 10, payable on 31 July 31 Net income for the year ended July 31, 2018, was $1,341,000. Calculate the weighted average number of common shares for the year Weighted Average Number of Shares LINK TO TEXT Calculate the basic earnings per share. (Round answer to 2 decimal place e... 5.25.) Basic Earnings per Share $ LINK TO TEX S Historia tersebut. Serveenth Canadian Edition by Kimmel, Weyoandi, Kaso, Trenholm, Irvine, and Burnley Calculate the weighted average number of common shares for the year. Weighted Average Number of Shares LINK TO TEXT Calculate the basic earnings per share. (Round answer to 2 decimal place e.o. 5.25.) Basic Earnings per Share $ UNK TO TEXT Would your answer to the basic earnings per share calculated above change if the preferred share dividend had not been declared on June 20? (Round answer to 2 decimal place Basic Earnings per Share $ LINK TO TEXT fly arcessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor nused