Following are income statement data for Mylin Corporation for the company€™s most recent fiscal year:

At the beginning of the year, Mylin had 252,000 shares of common stock outstanding. On February 1, Mylin sold an additional 48,000 shares of common stock. On October 1, Mylin sold an additional 60,000 shares of common stock. On December 1, Mylin bought 12,000 shares of common stock to hold as treasury stock; thus, these shares are no longer outstanding and will not participate in earnings per share calculations after this date.
Required:
(a) Compute the weighted-average number of shares of common stock that Mylin had outstanding during the year.
(b) Compute and clearly label the earnings per share figures for Mylin€™s income statement.

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Income from Continuing Operations Before Tax Income Tax Expense Income from Continuing S 800,000 (240,000) S 560,000 Operations Discontinued Operations Operating Income Less Income Tax Loss on Disposal Less Income Tax Savings 15,0035,000) 7000) Income before 40,000 12,000) S 28,000 $(50,000) S 553,000 Extraordinary Item Extraordinary Loss due to s(100,000) Foreign Expropriation of Assets 30,000 (70,000) Less Income Tax Savings Net Income 483,000