Only compute basic EPS

Ramca Corp.s accounting year ends on 31 December. During the three most recent years, its common shares outstanding changed as follows: 20X7 20X6 20X5 Shares outstanding, 1 January 187,500 150,000 90,000 Shares sold, 1 April 20X5 60,000 25% stock dividend, 1 July 20X6 37,500 2-for-1 stock split, 1 July 20X7 187,500 Shares sold, 1 October 20X7 60,000 Shares outstanding, 31 December 435,000 187,500 150,000 Net earnings and comprehensive income $533,250 $406,600 $331,500 Required: 1. For purposes of calculating EPS at the end of each year, for each year independently, determine the weighted-average number of shares outstanding. 2. For purposes of calculating EPS at the end of 20X7, when comparative statements are being prepared on a three-year basis, determine the weighted-average number of shares outstanding for each year. 3. Compute EPS for each year based on computations in requirement 2. There were no preferred shares outstanding