The following information is provided by CBC Corporation:

On Jan 1st, 2018, CBC Cor. had 1,000,000 ordinary shares outstanding.

On March 1, it issued 150,000 new ordinary shares.

On July 1st, the company declared and issued a 3-for-1 share split.

On October 1, the corporation repurchased 600,000 of its own outstanding shares.

As of December 31st, 2018, the company reports a net income of $9,675,000 and declared preference dividends of $1,612,500

Compute the weighted average number of shares for 2018.

Select one:

a. 3,450,000 ordinary shares

b. 2,100,000 Ordinary shares

c. 3,225,000 Ordinary shares

d. 2,850,000 ordinary shares

Compute the Basic Earnings Per Share (EPS) for 2018.

Select one:

a. $3.5

b. $2

c. $2.5

d. $3