Calculate weighted avg common stock outstanding and basic eps for year ended December 31, 2016.

Corporation

December 31, 2016. information:

1. authorized to issue 10,000,000 shares of $10 par

value common stock. January 1, 2016, 1,500,000 shares of common

stock issued and outstanding. also

authorized to issue 2,000,000 shares of 5% $100 par value cumulative

preferred stock. January 1, 2016, 400,000 shares of cumulative

preferred stock issued and outstanding.

net income 2016 - 13,480,000

during 2016: January 1 a 15% stock dividend February 1250,000 shares of common stock issued to executive employees as restricted stock compensation. market value on grant date - $25 per share. April 1 A 10% common stock dividend July 1 300,000 shares common stock issued for a factory building. September - 2-for-1 split common stock October 1f 50,000 shares common stock purchased on market at $8 per share. to be held as treasury stock and still in the treasury as of December 31, 2016. Common stock cash dividendsCash dividends to common stockholders declared and paid on November 1 at $0.20 per share to owners of record as of that date. Preferred stock 2016 cash dividends were declared and paid on November 1st