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USE THE FOLLOWING INFORMATION FOR #2 - 3: Net income after tax = $1,848,000 Common shares outstanding at the beginning of the year = 934.100

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USE THE FOLLOWING INFORMATION FOR #2 - 3: Net income after tax = $1,848,000 Common shares outstanding at the beginning of the year = 934.100 shares In addition the following common stock changes occurred during the year: May 1 shares issued for cash = 90,000 shares issued December 1 shares repurchased into treasury stock = 74,000 Compute weighted average shares outstanding

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