Problem #3 Basic EPS and Weighted Average Number of Shares During 2021, Daktronics Incorporated had the following transaction in its common stock: January 1 - 880,000 shares of common stock were outstanding. April 3 - 100,000 shares were re-acquired. July 2 - 200,000 shares were issued. October 1 The company had a 2-for-1 stock split October 3 - 50,000 shares were issued. Daktronics reported net income of $560,000 and paid preferred dividends of $40,000 during 2021. The tax rate is 40%. REQUIRED: 1. Compute the weighted average number of shares for 2021. 2. Compute basic EPS for Daktronics for 2021