Question completion Statos Words: Path QUESTION 13 XYZ Co. had 80,000 ordinary shares outstanding on January 1, 2018 On March 1, the corporation issued an additional 20,000 shares. On September 1, the corporation declared and issued a 60% share dividend. On December 1, the corporation purchased on the market 5,000 of its own outstanding shares and retired them. Required: a. Compute the weighted average number of shares to be used in computing earnings per share for 2018. (3 marks) Using the weighted average number of shares you calculated in requirement (a) above, assume that the corporation declared a dividend on its preferred shares for the amount of 2,000 for the year 2018 and net income for the year was 45,000. Calculate XYZ Co.'s basic Earnings Per Share for the year 2018 (3 marks) Briefly state the similarities and differences between a share split and a share dividend. (2 marks) TTT A 311200