Flint AG is preparing the comparative financial statements to be included in the annual report to shareholders. Flint employs a fiscal year ending May $31.$

Income before income tax for Flint was $1,539,000$ and $725,000,$ respectively, for fiscal years ended May $31,2023$ and $2022.$ Flint experienced a loss from discontinued operations of $418,000$ in March $2023.$ A $40\%$ combined income tax rate pertains to any and all of Flint AG profits, gains, and losses.

Flint's capital structure consists of preference shares and ordinary shares. The company has not issued any convertible securities or warrants, and there are no outstanding share options.

Flint issued $39,200$ shares of $100$ par value, $6\%$ cumulative preference shares in $2019.$ All of these shares are outstanding, and no preference dividends are in arrears.

There were $1,065,600$ shares of $1$ par ordinary shares outstanding on June $1,2021.$ On September $1,2022,$ Flint sold an additional $403,200$ ordinary shares at $17$ per share. Flint distributed a $20\%$ share dividend on the ordinary shares outstanding on December $1,2022.$ These were the only ordinary share transactions during the past $2$ fiscal years.

X Your answer is incorrect.

Determine the weighted$-$average ordinary shares that would be used in computing earnings per share on the current comparative income statement for:

Weighted$-$average ordinary shares

$(1)$ The year ended May $31,2022.$

$(2)$ The year ended May $31,2023.$