Question: Current Attempt in ProgressOn January 1, 2023, Cullumber Corporation had 97,200 common shares outstanding. On April 1, the company issued an additional37,800 shares. On July

Current Attempt in ProgressOn January 1, 2023, Cullumber Corporation had 97,200 common shares outstanding. On April 1, the company issued an additional37,800 shares. On July 1, the company repurchased and cancelled 35,400 common shares. On November 1, the company issued63,000 new shares. Cash dividends of $59,000 were declared to non-cumulative preferred shareholders. Net income for the year was$970,295.Calculate the weighted average number of shares for 2023 and earnings per share (EPS). (Round earnings per share to 2 decimal places,e.g. 15.75.)Weighted average number of sharesEarnings per share$/share

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