Seeko Inc. is a public company that reports EPS figures. It has a $31$ December year$-$end date. It issued its $20$X$4$ year$-$end financial statements on $20$ February $20$X$5.$

The following information relates to Seeko Inc.$$s capital structure:

Date Description Number of Shares

$31$ December $20$X$2$ Common shares issued and outstanding $3,200,000$

$31$ March $20$X$4$ Common shares sold and issued $1,570,000$

Shares were issued as a result of a $10\%$ stock dividend on $30$ September $20$X$3.$ On $31$ March $20$X$5$ a stock split occurred at a rate of $3-$for$-1.$

Required:

$1.$ What is the weighted average number of common shares that should be used in calculating basic EPS for $20$X$3?$

$2.$ When preparing the $20$X$4$ financial statements, what is the weighted average number of common shares that should be used in calculating EPS for $20$X$3?$

$3.$ This part of the question is not part of your Connect assignment.

$4.$ What is the weighted average number of common shares that should be used in calculating basic EPS for $20$X$4?$

$5.$ This part of the question is not part of your Connect assignment.

$6.$ Based on the information provided about Seeko Inc., does the company need to report diluted EPS for any of $20$X$3,20$X$4,$ or $20$X$5?$

$7.$ Does the company need to report diluted EPS for any of $20$X$3,20$X$4,$ or $20$X$5,$ if Seeko Inc. has discontinued operations in $20$X$3?$