123 Corporation is preparing basic earnings per share for the year ended December 31, 2022. 123 has compiled the following information: 1. The company is authorized to issue 7,500,000 shares of $10 par value common stock. As of January 1, 2022, 3,000,000 shares of common stock had been issued and were outstanding. The company is also authorized to issue 1,300,000 shares of 2% $100 par value cumulative preferred stock. As of January 1, 2022, 600,000 shares of cumulative preferred stock had been issued and were outstanding. 2. The net income for the year ended December 31, 2022, was $19,920,000. 3. The following specific stock activities took place during 2022: a. January 1 a 5% stock dividend was issued b. February 1350,000 shares of common stock were issued as a result of investors exercising detachable warrants. The exercise price on the warrants was $25 per share. c. April 1 A 15% common stock dividend was issued. d. July 1A total of 250,000 shares of common stock were issued to acquire a patent. e. September - A 3-for-1 split of the common stock became effective on this date. f. October 1A total of 60,000 shares of common stock were purchased on the open market at $9 per share. These shares were to be held as treasury stock and were still in the treasury as of December 31, 2022. g. There was no share activity in 2022 for preferred stock 4. Common stock cash dividendsCash dividends to common stockholders were declared and paid on November 1 at $0.20 per share to owners of record as of that date. 5. Preferred stock 2022 cash dividends were declared and paid on November 1st There was no dividend in arrears balance as of January 1, 2022.

Calculate 123 Corporation's weighted average common stock outstanding and basic EPS for the period ended Dec 1, 2022.