I worked this problem out but I am not sure if it is correct. Please let me know if it is correct and provide work if the problem is wrong. I have attached an image of the problem. Thank you

5. Jasper Corp, has the following Stockholders' Equity account balances and activity for Year 2. Net income $12,700,000 Retained earnings $15,250,000 Preferred stock shares outstanding 1,000 Common stock shares outstanding at January 1, Year 2 7,255,000 Additional Common shares issued at July 1, Year 2 20,000 3-for-1 stock split at December 31, Year 2 Preferred Dividends $10,000 Common Dividends $62,000 Year 1 EPS $2.56 Earnings per share = (12,700,000 - 10,000)/ 10,912,500 * = $1.16 * Compute Denominator: Weighted average common shares outstanding Date Shares Portion of year Weighted Average Shares January 1, Y2 7,255,000 6/12 =.50 3,627,500 July 1, Y2 20,000 6/12 =.50 10,000 Weighted Average December 31 3,637,500 before split Stock split 3-for-1 3,637,500 x 3 = 10,912,500 *Total Weighted Average, 12/31/Y2 $10,912,500 Note: Year 1 restated $2.56 / 3 = $.85