50 ENS ORSES CSS SS SS SS Moving to another question will save this response Question 24 Appleton Company started operations on the first day of the year. On that day they issued 90,000 shares. On March 1 they issued 30,000 shares and on July 1, another 40,000 shares. On December 1, Appleton repurchased 12,000 shares of outstanding shares. Net income was $201,000 Requirement: Compute the following for the first year of operations: (A) Weighted average number of shares outstanding (B) Basic EPS for the first year of operation if net income was $201,000. (Write the EPS formula. Show all computations used in your solution) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B S I V Paragraph Arial 10pt E x x, IT Te r A Ex BB 20 LXB Q 10 * 00 NO 2 580 " #3 6: 4 MacBook Air % 85 66 11 27 9 " SWORDS POWER 8: 61 88 T Y U 9 O 0