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Required

a$.$ What was GBI's weighted average number of ordinary shares outstanding in $2023?$

b$.$ What was GBI's basic EPS in $2023?$

c$.$ If the preferred shares issued on February $1,2023,$ were non$-$cumulative, what would GBI's basic EPS for $2023$ have been?

Subsequent transactions

Requirement a$.$ What was GBI's weighted average number of ord$$nary shares outstand$$ng in $2023\text{'}?($Abbreviation used: WASU $=$ WeIg

answers. Then round the contribution to WASO amounts to the nearest whole number.$)$

Requirement b$.$ What was GBI's basic EPS in $2023?$

Select the formula and enter the amounts to compute GBI's basic EPS in $2023.($Abbreviation used: WASO $=$ Weighted average numbe

all interim calculations to the nearest whole dollar. Round the earnings per share $[$EPS$]$ to the nearest cent, $X$.$XX$.)$

February $1$: GBI issued $150,000,$$$12,$ cumulative $2\%$ preferred shares.

March $1$: GBI issued $20,000$ ordinary shares.

April $1$: GBI declared and issued a $2\%$ stock dividend on the ordinary shares.

July $1$: GBI repurchased and cancelled $25,000$ ordinary shares.

October $1$: GBI declared and issued a $3-$for$-1$ stock split on the ordinary shares.

December $31$: GBI declared and paid $$5,600$ in dividends on the ordinary shares.

GBI's net income for the year that ended December $31,2023,$ was $$1,600,000.$ Its tax

rate was $40\%.$

Requirement c$.$ If the preferred shares issued on February $1,2023,$ were non$-$cumulative, what would GBI's basic EPS for $2023$ have been? $($Round the earnings per share $[$EPS$]$ to the nearest cent, $$x.$XX$.)$