weighted average number of shares

Steering Inc's shareholders' equity accounts were as follows at the beginning of the most recent fiscal year, August 1, 2020; $1 noncumulative preferred shares (98,000 shares issued) Common shares (325,000 shares issued) $2,450,000 Retained earnings 3.250,000 2,430,000 Total shareholders' equity $8.130,000 During the year, the following selected transactions occurred: Oct. 1 Repurchased 22,800 common shares for $21 per share. Dec. 1 Issued 64,800 common shares for $23 per share. Feb. 1 Issued 10,600 common shares for $24 per share. Declared the annual preferred cash dividend to shareholders of record on July 10, payable on July 31. June 20 July 31 Net income for the year ended July 31, 2021, was $1.206,000