During 20x1, the Heath Corporation reported a net profit of \(1,529,500\). On January 1, 20x1, the Heath Corporation had 700,000 ordinary shares outstanding. The corporation issued an additional 420,000 ordinary shares on October 1. In 20x1, the corporation had a simple capital structure During \(20 \times 2\), there were no transactions involving ordinary shares, and the corporation reported net profit of \(2,016,000\).

1. Determine the weighted-average number of ordinary shares outstanding each year 2. Calculate earnings per share for each year.