Assignment #3 Information from Everlasting Corporation's Balance Sheet is as follows: Common Stock, $10 par, 50,000 shares issued and outstanding Preferred Stock, $100 par, 6% cumulative stock, 1,000 shares issued and outstanding During 2019, Everlasting Corporation has the following transactions. They reported net income of $225,000 Mar-1 Issued 10,000 shares of common stock for cash. Re-acquired 2,000 shares of common stock as Apr-1 treasury stock. Aug-1 Resold 1,00 shares of treasury stock for cash. Declared and issued a 50% stock dividend on Sep-1 common stock. (a) Calculate the weighted average number of shares of stock that should be used to calculate the EPS for 2019. Actual Shares outstanding 50,000 Assumed Shares Outstanding Fraction of the year Equivalent Whole Units Weighted average shares outstanding| Compute the basic EPS that would be disclosed by Everlasting Corporation (b)