UL DOICI U Sidy PIULUCILO View Enable EUR Harris Kelly's is in existence for the past fifteen years. However, during recent years, its common shares outstanding changed as below. Harris Kelly's accounting year ends on December 31st 2018 2017 2016 Shares outstanding January 1st 300.000 240,000 200.000 Shares sold, April 1, 2016 40.000 25% stock dividend, July 1st 2017 60,000 2-for-1 stock split. July 1st 2018 300,000 Shares sold. October 1st 2018 100.000 Shares outstanding. December 31st 700,000 300.000 240,000 Net Income $ 750.000 660,000 598,000 Required: 1. Determine the weighted average number of shares outstanding for each of the years above. (3 Marks) 2. Assuming there were no preferred shares outstanding, compute EPS for each year based on the computation of years in part 1. (3 Marks) 3. Assume instead that Harris Kelly's Corporation has 800,000 common shares outstanding throughout 2018. In addition, the corporation has 10,000, 20-year, 7% bonds issued at par in 2016. Each $1,000 bond is convertible into twenty (20) common shares after 9/23/19. During the year 2018, the corporation earned $1,200,000 after deducting all expenses. The tax rate was 30%. Calculate the basic and fully diluted earnings per share for 2018