Select Corporation was incorporated on January 2, 2020. The following information pertains to Select Corporation's 2020 common stock transactions jan. 2 Number of shares authorized 250.000 Jan 2 Number of shares issued 85.000 Jul 1 Number of shares reacquired but not canceled 5.000 Sept. 1 Two for one stock split Dec Reissued shares of treasury stock 5.000 Required a. Determine the weighted average number of shares of Select Corporation's common stock outstanding Note: Round amount to the nearest whole number Number of shares 327,500 b. Compute earnings per share for 2020 considering the following additional information: 1. Net income: $330,000 2. Preferred stock, 5%, cumulative, 5,000 shares outstanding, $10 par value per share 3. Preferred stock dividends declared in 2020:50 Note: Enter the earnings per share amount in dollars and cents, rounded to the nearest penny Net Income Available to Weighted Avg. Common Common Stockholders Shares Outstanding Basic EPS 5 327.500 311,000 MS Per Share ON