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Sunland Corporation, a publicly traded company, is preparing the comparative financial statements to be included in the annual report to shareholders. Sunland's fiscal year ends

Sunland Corporation, a publicly traded company, is preparing the comparative financial statements to be included in the annual report to shareholders. Sunland's fiscal year ends May 31.The following information is available.Income from operations before income tax for Sunland was $1,539,000 and $725,000, respectively, for the fiscal years ended May 31,2023 and 2022.Sunland experienced a loss from discontinued operations of $418,000 from a business segment disposed of on March 3,2023.A 40%combined income tax rate applies to all of Sunland's profits, gains, and losses.Sunland's capital structure consists of preferred shares and common shares. The company has not issued any convertible securities or warrants and there are no outstanding stock options.Sunland issued 39,200 shares of $100 par value, 6% cumulative preferred shares in 2019. All of these shares are outstanding, and no preferred dividends are in arrears.There were 1,065,600 shares of $1 par ordinary shares outstanding on June1,2021. On September 1,2022, Sunland sold an additional 403,200 ordinary shares at $17 per share. Sunland distributed a 20% share dividend on the ordinary shares outstanding on December 1,2022.These were the only ordinary share transactions during the past two fiscal years.Requirement:Determine the weighted average number of ordinary shares that would be used in calculating earnings per share on the comparative income statement for the year ended May31,2022 and 2023.

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